LL Flooring files for Chapter 11 bankruptcy By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
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Should l Buy ?
Source: Investing.com
Bankruptcy Filing: LL Flooring has initiated Chapter 11 bankruptcy proceedings in Delaware, supported by $130 million in debtor-in-possession financing from Bank of America.
Financial Status: The company reported estimated assets between $500 million to $1 billion and liabilities ranging from $100 million to $500 million.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
