American Signature Inc. has moved to the Delaware bankruptcy court to sell off its assets under court supervision. The Columbus-based furniture retailer plans to continue operating during the process while developing a restructuring plan for unsecured creditors.
American Signature Inc. Seeks Chapter 11 Bankruptcy Protection
American Signature Inc. filed a voluntary bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware. The Ohio-based furniture retail business made the filing on November 22.
According to Businesswire, American Signature Inc. (ASI) has launched a sale process under Section 363 of the U.S. Bankruptcy Code. The furniture retail chain hopes to sell its assets within approximately 45 days, aimed at…