Gary Van Elslander News Today

A judge has approved a $8 million settlement that ends claims made by a bankruptcy trustee against the Van Elslander heirs.

A judge has approved a $8 million settlement that ends claims made by a bankruptcy trustee against the Van Elslander heirs.

The settlement closes the latest chapter in the downfall of the Warren, Mich.-based, former Top 100 retailer.

A lawsuit last year accused the family of the furniture retailers founder of making more than $105 million in "fraudulent transfers."

Nearly all money in the proposed settlement with the Art Van Furniture bankruptcy trustee would come from business insurance policy proceeds.

The trustee in the Art Van Furniture bankruptcy case is seeking a portion of the money from the 2017 sale of the company to a private-equity firm.

Our roundup of the latest news from metro Detroit and Michigan businesses as well as announcements from government agencies.

A new lawsuit claims that the Van Elslander familys 2017 sale of the furniture company to a private-equity company was doomed to fail.

Van Elslander family pays $6 million to buy the Art Van name back Annalise Frank/Crains Detroit Business Art Vans furniture stores are no more, but the family has bought back the brand name out of the bankruptcy of the company to which it had sold the chain. The Van Elslander family successfully acquired the Art Van Furniture name out of bankruptcy this month. A Delaware bankruptcy judge approved the roughly $6 million sale of the name to VEC LLC, an investment firm controlled by Gary Van Elsla...