Ann Arbor Naked Furniture Files Chapter 7 Bankruptcy

Written by CFB Blogger. Posted in Blog

The Naked Furniture store in Ann Arbor, Michigan, has closed after being in business for nearly 15 years in the city that is home to the University of Michigan. Ronald Lafluer, owner of the furniture store, filed for Chapter 7 bankruptcy, listing debt at between $500,000 – $1 million and assets totaling $100,000-$500,000. The bankruptcy lists 73 creditors including the IRS, the Michigan Department of Treasury and the city of Ann Arbor. According to a news story on www.mlive.com by Jeremy Allen, the store sold such items as desks, dressers, dining tables, bookcases, beds and mattresses, all necessities in a college town. One customer of the store had picked out bunk beds for their five children, paying almost $2,800. However, instead of blissfully slumbering in their new beds, the children are reportedly sleeping on mattresses on the floor. Their parents are concerned that they will not receive either the beds or a refund of their money. During a Chapter 7 Bankruptcy, a court-appointed trustee collects all assets and sells everything that the court has deemed non-exempt, including any applicable personal and business assets. The Client First Bankruptcy attorneys are among the most knowledgeable consumer bankruptcy attorneys in the U.S., representing thousands of clients in consumer bankruptcy cases. Client First Bankruptcy attorneys answer their phones Monday thru Friday from 8:30 a.m.-6:00 p.m. (Central Time) so you can get your initial complimentary consultation at a time that is convenient for you. Our aggressive representation and extensive experience have earned Client First Bankruptcy a national reputation for excellence in the representation of debtors in financial distress. Call us toll-free at 800-383-6004 and log onto our easy-to-navigate, interactive website at www.clientfirstbankruptcy.com for timely and vital information on filing your Chapter 7 or Chapter 13 bankruptcy.