“Sleep Outfitters” Files for Chapter 11 Bankruptcy
January 12th, 2019 by Bunch & Brock
BANKRUPTCY NEWS: Innovative Mattress Solutions, LLC and its subsidiaries, doing business as “Sleep Outfitters” filed for Chapter 11 bankruptcy protection on the morning of January 11, 2019 in the U.S. Bankruptcy Court for the Eastern District of Kentucky, Lexington Division, being Lead Case No. 19-50042. Sleep Outfitters reports that it has 142 retail locations staffed by over 400 employees. Gross sales were $146 million in 2015. The Bankruptcy Court will hold a hearing on First Day Motions at 9 a.m. on January 15, 2019 in the Lexington courtroom. Sleep Outfitters proposes to immediately borrow $6 million from Tempur World, LLC as DIP lending to continue its business operations.
Bunch & Brock aggressively represents secured lenders and other types of creditors in Chapter 11 cases and is available for representation in these cases. Tom Bunch has over 29 years’ experience and Matt Bunch has over 25 years’ experience representing both debtors and creditors in complex corporate bankruptcy cases. Please contact either Tom Bunch or Matt Bunch at 859-254-5522.