Daily News: June 19, 2012

Bankruptcy Court Slates RoomStore Auction for June 25

The U.S. Bankruptcy Court in the Eastern District of Virginia granted approval for RoomStore’s asset auction to be held on June 25. The auction will sell the remaining assets of the company, which includes leases, inventory and the right to conduct going-out-of-business sales, a Furniture Today story said.

Proceeds of the sale will go to unsecured creditors.

To read the Furniture Today article in its entirety, click here.

Previously on abfjournal.com:

RoomStore Wants to Sell Assets at Auction, Monday, June 11, 2012