December 18, 2024
Discount home renovation retailer LL Flooring was cleared to wind down in Chapter 11 on Wednesday, with a Delaware bankruptcy judge commending the parties for reaching a consensual plan despite a turbulent case that narrowly missed a full liquidation.
September 04, 2024
Home improvement retailer LL Flooring has until end of day Thursday to finalize negotiations with a possible going-concern buyer, or it will pivot to a Chapter 11 liquidation of its hundreds of stores across the country, attorneys told a Delaware bankruptcy judge Wednesday.
August 15, 2024
LL Flooring had struggled with declining sales and increasing costs for years before it sought Chapter 11 protection Sunday to avoid defaulting on its loans and find a buyer. But in recent months, the national home renovation supplier was also warding off a shareholder's campaign to install new directors in the face of a plummeting stock price.
August 13, 2024
A team of attorneys from Skadden Arps Slate Meagher & Flom LLP is representing national home improvement store LL Flooring in its $109.6 million bankruptcy.
August 13, 2024
Home renovation retailer LL Flooring got a Delaware bankruptcy judge's interim nod for an up to $130 million debtor-in-possession package as attorneys said at a hearing Tuesday that they need to nail down a stalking horse offer for the business by the end of the month or pivot to a Chapter 11 liquidation.