14703 Wed, 06/18/2008 - 3:40pm
BALTIMORE–Dormia, the high-end mattress and bedding retailer, has filed for Chapter 11 bankruptcy protection here.
The retailer has 20 locations in New York, Connecticut, Florida, Georgia, Indiana, Kentucky, North Carolina, New Jersey and Ohio.
A statement from the company said Dormia will use the reorganization process “to determine strategic options for the locations.”
The statement also said Dormia has received a commitment for debtor-in-possession financing. Through a company spokesman, Michael Zippelli, Dormia’s founder, said the amount is “adequate to keep the stores operating for the next 30 to 90 days while the reorganization takes place.” He declined to release the figure for the financing.
Topping the list of creditors holding the 20 largest unsecured claims are two financial firms: Main Street Resources of Westport, Conn., at $117,673.70; and Premium Financial Specialists of Kansas City, Mo., at $65,499.96.
Classic Sleep Products, which is also owned by Zippelli, was not affected by the Dormia filing, according to the statement.