L.J. Miller files Ch. 7
By Furniture Today Staff -- Furniture Today, March 3, 2002
PIKEVILLE, Ky. — PIKEVILLE, Ky. — L. J. Miller, a desk producer here, has filed for Chapter 7 bankruptcy in federal court and plans to liquidate.
The company, launched last year, is owned by Jim Cover and his wife, Stacee. The couple started the business after selling Montana Furniture, which they also founded, to an investment group in 1996.
Among L.J. Miller's assets is a 60,000-square-foot plant built for the company with loans from Pike County's industrial development authority. The majority of L.J. Miller's debt, $2.7 million, is owed in leases to the authority.
The company's debt totals $3.8 million, with 33 creditors named in its filing. Assets total $1.9 million, including business machinery, fixtures and supplies.
Cover and his wife were honored as one of four National Blue Chip Enterprise Award winners in 1993. The couple drew national attention when, after their original Montana Furniture factory was destroyed in a 1989 fire, they rebuilt the company into a successful enterprise.
-
For some U.S. mfrs., Byrd monies weren't enough
Oct 5, 2010 -
UPDATE: Thornwood Furniture Mfg. in Chapter 11
Jun 10, 2010 -
Douglas Furniture files Ch. 11
Aug 3, 2008 -
N.Y. manufacturer Crawford liquidating assets
Apr 4, 2012
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
VIEW ALL GALLERIES
