Door Store files for Chapter 11 bankruptcy protection
May 28, 2009-- Home Textiles Today,
New York — Door Store, with nine stores in New York and New Jersey, has filed for Chapter 11 bankruptcy protection.
In its petition filed Wednesday, the company listed assets of $2.6 million and debts of $2.2 million.
Jodi Fitzgerald, president and coo of the family owned business established in New York in 1955, said in a court document that the company's financial difficulties were caused by "the general economic climate resulting in weakening sales, unprofitable lease locations, litigation with landlords and diminishing operating funds."
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