Floor Style Products (Hastings, Mich.) has begun "winding down," according to a letter to its creditors dated April 15. The company sent the letter to inform debtors that any proceeds from winding down will "be for the benefit of the Secured Lender, which is not expected to be paid in full." The letter was signed by company President Bryan Mattson.
Floor Style Products (Hastings, Mich.) has begun "winding down," according to a letter to its creditors dated April 15. The company sent the letter to inform debtors that any proceeds from winding down will "be for the benefit of the Secured Lender, which is not expected to be paid in full." The letter was signed by company President Bryan Mattson.
By April the company had unofficially closed all of its satellite branches (in Whittier, Calif.; Obetz, Ohio; Dania Beach, Fla.; Rosedale, Md.; and Sparks, Nev.), leaving its Hastings, Mich., headquarters as its last location. Throughout these events, the company has maintained it is actually just "reorganizing."