Home Home Decor Tuesday Morning discloses roster of its top unsecured creditors

Tuesday Morning discloses roster of its top unsecured creditors

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Stack of $100 U.S. dollarsDallas – The tally of outstanding payments owed to Tuesday Morning’s top 40 unsecured creditors ranges from a high of $1.4 million down to just over $220K.

Tuesday Morning’s Chapter 11 bankruptcy filing this morning took place in the U.S. Bankruptcy Court for the Northern District of Texas, Fort Worth Division. Altogether, the group of 40 vendors and trading partners are owed nearly $30 million. The filing estimates its total creditors number somewhere between 1,000 and 5,000.

Invictus Global Management has agreed provide $51.5 million of debtor-in-possession (DIP) financing.

“We look forward to playing an important role in reorganizing and transforming Tuesday Morning,” said Amit Patel, a partner at the Texas-based investment firm. “Andrew [Berger, CEO] and his leadership team have our full support as they guide the company through this process and lay a foundation for a brighter future.”

The filing lists the off-price home goods chain’s 40 largest unsecured claims.

  • Centro Inc., which is owed $1.42 million
  • Home Essentials & Beyond – $1.07 million
  • Meyer Corp. – $829,511
  • Azzure Home Inc. – $824,555
  • Michel Design Works – $618,603
  • Blue Sky – $574,710
  • Enchante Accessories – $536,816
  • Mode Transportation – $504,725
  • Uma Enterprises – $456,214
  • Axle Logistics – $429,943
  • M19 – $416,906
  • 14303 Inwood Road – $395,148
  • Trade Lines – $394,964
  • Loloi Rugs – $393,946
  • Lifetime Brands – $330,268
  • YMF Carpet – $327,087
  • American Crafts – $313,349
  • Tamrontina USA – $302,323
  • MJC Confections/Hampton Popcorn – $302,163
  • Sampsonite – $299,020
  • Harry & David – $296,52
  • Turko Textile – $294,501
  • K Hall Studio – $283,529
  • Dynamic Rugs – $280,801
  • Surya Carpet – $274,024
  • Stylecraft Home Collection – $271,461
  • James Home – $270,756.
  • L R Resources – $267,288
  • Ricardo Beverly Hills – $265,375
  • Oriental Weavers USA – $263,377
  • Barefoot Dreams – $260,890
  • HDS Trading Group – $259,663
  • Berkshire Blanket and Home Company – $257,929
  • Crystal Art of Florida – $250,853
  • Uber Freight – $239,232
  • The Godinger Group – $239,000
  • E&E Co Ltd. – $236,548
  • Homeview Design – $233,845
  • Sam Salem & Son – $230,809
  • Godiva Chocolatier – $220,148

 

Court filings and other documents related to the court-supervised process are available at https://cases.stretto.com/TuesdayMorning

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