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Updated jul 17 2017 2 54pm edt dalton ga based flooring giant beaulieu group llc has filed for chapter 11 bankruptcy reorganization.
One of the nation s biggest carpet makers filed for bankruptcy today in federal bankruptcy court in rome ga.
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In an announcement the 40 year old privately owned company.
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According to beaulieu the company s existing lenders have agreed to continue to support the company by providing debtor in possession dip financing that will be combined with its cash from operations.
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Beaulieu group llc said it will reorganize its finances under a chapter 11.
Dalton beaulieu group llc announced that it has filed voluntary petitions under chapter 11 in the u s.
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Gulistan carpet files for chapter 11 protection hoboken floors files for chapter 7 bankruptcy.
Beaulieu family members and our board of managers believe pursuing a restructuring through chapter 11 is the best path forward at this time said michael pollard president of beaulieu group.