Bad Boy Furniture deemed bankrupt after failing to file proposal
Renowned furniture retailer Bad Boy Furniture is officially bankrupt.
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Renowned furniture retailer Bad Boy Furniture is officially bankrupt.
Renowned furniture retailer Bad Boy Furniture is officially bankrupt. Back in November, the Toronto-area company filed a notice of intention under the Bankruptcy and Insolvency Act, citing the goal to restructure its business.
High interest rates, declining sales in the housing sector and a tight retail climate have hampered the company so much that it is aiming to restructure.
An Ontario court has granted Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its stores as it works to restructure the business.
An Ontario court has granted Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its stores as it works to restructure the business. A court order given by Judge Herman Wilton-Siegel on Nov. 17 allowed the Pickering, Ont.