TRENTON, N.J.–Therapedic Sleep Products, a licensee of mattress manufacturer Therapedic Corp., has filed for Chapter 11 bankruptcy protection at U.S. bankruptcy court here.
In the filing, the licensee listed Orloff, Lowenbach, Stifelman & Siegel, an attorney firm, as the creditor with the largest unsecured claim, at $686,076.26.
Gerry Borreggine, president of Therapedic Corp., said the filing by the licensee had no impact on his company’s business. Borreggine described the filing as an isolated situation, and that Therapedic would begin a search for a replacement licensee.