Bombay Co. files Ch. 11
Will keep operating its stores, Web site
By Thomas Russell -- Furniture Today, September 23, 2007
Fort Worth, Texas — After three years of mounting losses, specialty retailer The Bombay Company filed for Chapter 11 bankruptcy protection last week.
The Sept. 20 filing, in the Fort Worth Division of the U.S. Bankruptcy Court for the Northern District of Texas, covers the Top 100 chain and its wholly owned subsidiaries, which include The Bombay Furniture Company, BBA Holdings LLC, Bombay International Inc., Bailey Street Trading Company and BMAJ Inc.
The filing does not affect accent and occasional resource Bailey Street Holding Company, which was formed in 2005 when Bombay sold the assets of Bailey Street Trading to investors who formed Bailey Street Holding. It continues to show at both the Las Vegas and High Point markets.
Bombay's filing said the company has assets of $239.4 million and debts of $173.4 million. It also listed the 40
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