Jennifer Convertibles Emerges from Chapter 11
Posted on Apr 12, 2011 7:05pm PDT
Jennifer Convertibles has reportedly emerged from Chapter 11 bankruptcy protection. Now, it will reportedly be controlled by its largest supplier and will have a new CEO. According to reports, the company originally filed for
bankruptcy when it had assets of about $26 million and debts of $46.4 million. The company now feels that it has emerged as a strong organization with over 70 stores in business.
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