August 21, 2015
The liquidation trustee for Furniture Brands International Inc. has launched nearly 100 so-called avoidance actions looking to claw back at least part of roughly $35 million in payments and transfers the home furnishing company made shortly before filing for Chapter 11 protection.
July 20, 2015
A Delaware federal bankruptcy judge has approved a settlement between defunct furniture brand Furniture Brands International Inc. and the U.S. Environmental Protection Agency, granting the EPA a $6 million fixed, general unsecured claim against the FBI Wind Down Inc. bankruptcy estate for its landfill remediation and monitoring claims.
July 14, 2014
A Delaware bankruptcy judge on Monday blessed the Furniture Brands International Inc.'s Chapter 11 liquidating plan, allowing the estate to dole out the proceeds of the company's $280 million asset sale.
July 03, 2014
The Internal Revenue Service on Thursday filed an objection to Furniture Brands International Inc.'s estate's liquidation plan in Delaware bankruptcy court, saying it violates the law by allowing the company to escape its tax debts.
May 29, 2014
A Delaware bankruptcy judge gave the green light Thursday to the Furniture Brands International Inc. estate's disclosure statement, allowing the debtor to solicit creditors on a Chapter 11 plan that promises a higher recovery for unsecured claims from a settlement the debtor struck with the Pension Benefit Guaranty Corp.
November 22, 2013
A Delaware bankruptcy judge on Friday blessed the $280 million sale of Furniture Brands International Inc. to private-equity firm KPS Capital Partners LP, rejecting an investment fund's objection that an accelerated sale process had left a rival suitor out in the cold.
October 11, 2013
A Delaware bankruptcy judge gave final approval for Furniture Brands International Inc.'s $140 million post-petition loan Friday from KPS Capital Partners LP and allowed the debtor to dole out millions of dollars in executive and employee bonuses, despite the objections of the U.S. Trustee.
October 09, 2013
A U.S. trustee in Delaware bankruptcy court Wednesday objected to a Furniture Brands International Inc. employee incentive and retention plan, saying the company hasn't proved payments made under the plan meet Bankruptcy Code regulations.
October 02, 2013
A Delaware bankruptcy judge on Wednesday allowed Furniture Brands International Inc. to swap in KPS Capital Partners as its new stalking horse with a $280 million bid over Oaktree Capital Management's $260 million offer, and gave the interim nod permitting KPS to be the new post-petition lender.
September 30, 2013
The creditors committee for the Furniture Brands International Inc. bankruptcy on Monday blasted the debtor's choice of a revised stalking horse bid from Oaktree Capital Management that pushed the auction floor up to $260 million, arguing a $280 million bid from KPS Capital Partners LP is the better choice.