A US mattress retailer has been forced into Chapter 7 bankruptcy liquidation, marking the end of the 38-year-old family-owned business. The decision follows the conversion of its earlier Chapter 11 filing after the company failed to present a viable restructuring plan.
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A US bankruptcy court approved the move after creditors argued the company had made no meaningful progress towards recovery, citing ongoing losses, unpaid rent and a lack of financial oversight. The retailer reportedly accumulated over $1.2 million in operating losses since late 2025.
Based in Illinois, American Mattress…