South Florida Bankruptcy Lawyer

Mattress Discounters Corp has filed for Chapter 11 bankruptcy protection from creditors.  This is the second time that the U.S. bedding retailer has filed for bankruptcy since 2002.

According to the company’s CEO, Mattress discounters has been hurt by an industry downturn and the weakened economy.  The year-over-year sales fell every month in 2008.

With 140 stores spanning six states in the Northeast, the company listed assets ranging $10 million to $50 million in its bankruptcy petition on Wednesday.

If you or your business is facing financial crises, consider bankruptcy  as a way to manage your debt and keep creditors from tying up your phone lines.  Contact South Florida bankruptcy lawyer Eric N. Klein at 561.353.2500 for a free initial consultation.  We will discuss your case and determine what plan of action is best for you.