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Wells Fargo & Co.'s claim of being owned $99.21 million in secured debt by United Furniture Industries Inc. is the driving force behind an involuntary bankruptcy petition against the manufacturer.
Wells Fargo & Co. and two other creditors have filed a petition to force United Furniture Industries Inc. into liquidating its assets as part of an involuntary federal bankruptcy protection
Two job fairs have been arranged this week for the more than 500 Triad employees of the shuttered United Furniture Industries Inc.
A legal maneuver has commenced that would consolidate the four — so far — federal WARN Act employee lawsuits vs. United Furniture Industries Inc. into one court.
A fourth WARN Act employee lawsuit filed against United Furniture Industries Inc. claims that most of the manufacturer’s 2,700 workers have not been paid their final paycheck.