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."
Related Content By Author
Industry Related Content
Northwest plays cameo on GMA