Decorative house décor at home seeks to eliminate debts at bankruptcy

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Group at Home Group applied for bankruptcy to help the home decoration merchant restructuring.

The company announced on Monday that it started Chapter 11 bankruptcy procedures So that it can implement the “Restructuring Support Agreement” that signed with the lenders “carrying more than 95 % of the company’s debts.

The restructuring support agreement will help Retailer He said at home that “everything” is among approximately $ 2 billion of funded debts. It will also spread the retail seller with a capital of $ 200 million.

AID RITE files for bankruptcy for the second time in less than two years

“The steps we take today to cancel our public budget will improve our competition in the market in the face of continuous volatility and increase our business flexibility,” said CEO Brad Weston.



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