What customers need to know about Loves Furniture’s bankruptcy filing

WARREN, Mich. Customers of Loves Furniture, the company that took over many closed Art Van Furniture acquisitions, are worried after the company filed for bankruptcy.

The furniture retailer looked like a hero in 2020 when he moved in when Art Van was having financial problems, but now he has financial problems and has closed a number of Michigan locations that opened months ago.

It depends. If you are a customer who has paid and has not yet received furniture, you should call your bank or credit card company immediately.

The Better Business Bureau said the situation is problematic for those who have received their furniture but do have a guarantee. If the group includes you, do not expect the guarantee to mean much.

Loves Furniture is to blame for the COVID pandemic and delayed shipping overseas. While this may be true, the new revelations of major financial problems will not help the situation for many.

READ: Loves Furniture customers report long delays in delivery

In the bankruptcy filing, Loves revealed that he has between 100-200 creditors and owes between $ 10 and $ 50 million.