At Home Group Files for Chapter 11 Bankruptcy: Key Details and Creditors
WILMINGTON, Del. — At Home Group, a prominent name in the home décor retail industry and listed among the Top 100 retailers, has officially entered Chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the District of Delaware. The company reported estimated assets ranging from $1,000,000,001 to $10 billion, mirroring its estimated liabilities within the same bracket. This precarious financial situation affects an estimated 10,001 to 25,000 creditors.
Overview of Unsecured Liabilities
Among its financial commitments, At Home’s top 30 unsecured creditors collectively represent over $101.1 million of these estimated liabilities. Notably, U.S. Bank stands out as the largest single creditor, with outstanding claims of $58 million.
Breakdown of Major Creditors
In the context of At Home’s bankruptcy filing, the following are the top 30 unsecured creditors, alongside the amounts owed:
- U.S. Bank – Minneapolis, $58,000,000
- Brentwood Originals – Long Beach, Calif., $5,339,030.62
- Yotrio Corp. – City of Industry, Calif., $3,852,647.41
- Jordan Manufacturing Co. Inc. – Monticello, Ind., $3,592,940.80
- Pillow Perfect Inc. – Woodstock, Ga., $2,887,565.78
- Home Fashions International – Gaffney, S.C., $2,188,773.51
- Cui Liu Designs – Murray, Ky., $2,053,910.76
- Realty Income Group – San Diego, $1,766,483.36
- Loloi Rugs – Dallas, $1,728,875.03
- Transform Holdco – Hoffman Estates, Ill., $1,470,415.76
- Euro-Tapis NV – Belgium, $1,469,775.05
- Ctm International Giftware, Inc. – Montreal, $1,197,314.52
- Natco Products – West Warwick, R.I., $1,160,281.82
- Japi S/A Industria E Commercio – Brazil, $1,135,060.80
- Taizhou Bolvda Craft Co. Ltd. – China, $1,113,385.14
- Pegasus Home Fashions – Colts Neck, N.J., $1,002,527.41
- Lumisource – Elk Grove Village, Ill., $1,001,216.87
- Sherwood Southwest – Lewisville, Texas, $997,731.40
- Vereit Operating Partnership LP – San Diego, $974,291.69
- Satori Home – Evanston, Ill., $917,180.19
- Seasons (HK) Ltd. – Hong Kong, $893,816.94
- Regal Home Collections – Brooklyn, N.Y., $794,553.20
- Xiamen Share-Well Industrial & Trading Corp. – China, $775,665.56
- Roadie Inc. – Suwanee, Ga., $759,903.53
- National Retail Properties, Inc. – Atlanta, $724,862.53
- Staples – Chicago, $710,268.96
- Dior International – Hong Kong, $683,468.20
- Js Royal Home USA Inc. – Charlotte, N.C., $666,653.69
- Oriental Weavers USA Inc. – Dalton, Ga., $618,648.59
- Mohawk Home – Sugar Valley, Ga., $595,673.81
Implications of the Bankruptcy Filing
This Chapter 11 filing indicates significant restructuring challenges for At Home Group as it navigates through its financial turmoil. The overwhelming obligation towards multiple creditors may have long-term implications for the retailer’s operations and future sustainability in the competitive home décor market.
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In conclusion, At Home Group’s bankruptcy filing marks a critical juncture for the company, reinforcing the volatile nature of the retail sector. Stakeholders will be closely watching how this situation unfolds, particularly regarding how it might impact suppliers and consumers alike.
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