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March 03, 2008

Collezione Europa U.S.A., Inc. files for chapter 11

Collezione Europa U.S.A., Inc. and two related entities filed chapter 11 bankruptcy petitions at the United States Bankruptcy Court in Newark, New Jersey. Collezione Europa U.S.A., Inc., a furniture importer and distributor, lists between $10-$50 million in assets and liabilities on Friday's petition. B&L Industries, Inc. is listed as the largest unsecured creditor with a claim of over $3.7 million.

Kelly Road Warehouse, LLC and 145 Cedar Lane Associates, LLC also filed for chapter 11 protection at the same Court.