Bolyu Carpet Chapter 11

Bankruptcy court for the northern district of georgia rome division.

Bolyu carpet chapter 11. Bolyu carpet chapter 11. The dalton based beaulieu group llc a major player in the floor covering market since 1978 has filed a chapter 11 bankruptcy petition in the bankruptcy court for the northern district. Beaulieu group together with certain of its domestic subsidiaries announced that it has commenced a formal proceeding to restructure its balance sheet to better position itself for the future. Wing carpet tile by bolon studio.

Beaulieu group a dalton based flooring company filed for chapter 11 bankruptcy protection according to chattanooga cbs affiliate wdef. Dalton ga based flooring giant beaulieu group llc has filed for chapter 11 bankruptcy reorganization. In an announcement the 40 year old privately owned company said it will restructure its. Read lvp flooring thickness.

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Bolyu and aqua will now be known as ef contract and ef hospitality. American carpet company to. According to beaulieu the company s existing lenders have agreed to continue to support the company by providing debtor in possession dip financing that will be combined with its cash from operations. Dalton beaulieu group llc announced that it has filed voluntary petitions under chapter 11 in the u s.

Beaulieu family members and our board of managers believe pursuing a restructuring through chapter 11 is the best path. Beaulieu was considered one of the big three of flooring manufacturers in. Beaulieu group llc said it will reorganize its finances under a chapter 11 court supervised debt restructuring plan afters suffering losses from its traditional carpet business. To facilitate this restructuring the company filed voluntary petitions under chapter 11 in the united states bankruptcy court for the northern district of georgia rome division.