An Ontario court has granted Bad Boy Furniture Warehouse Ltd. permission to begin liquidating its stores.
A court order from Judge Herman Wilton-Siegel allows the Pickering-based furniture company to start selling off its merchandise on Friday.
Documents filed with the Superior Court of Justice say sales will occur at the brand’s 12 stores for the first 30 days of its liquidation period.
OBJ360 (Sponsored)
Give your home a stunning makeover—for 30 to 40 per cent less cost—with NorthCo Services
In the home renovation industry, companies don’t often see repeat clientele—but Ottawa’s NorthCo Services is a rare exception. “We have an upcoming project which will be the third one for
Minto’s Metro Towns at Anthem in Barrhaven & Parkside in Kanata offer attainable home ownership
Guided by the needs of homeowners, Minto has been building new homes and master-planned communities across Canada and the USA for 70 years. To ensure the best quality of life
After that period, the documents say some stores will close and consolidate while others remain open. Under the court order, the liquidation sales must end across the company’s entire network by Feb. 15.
The permission Bad Boy got to liquidate its stores comes as the company is aiming to restructure its business through a filing made under the Bankruptcy and Insolvency Act.
It has said the move was necessary because it is operating in a “challenging” economic environment. Since making the filing, Bad Boy has laid off a “small” number of staff and plans to make further cuts.
The chain has one store in the Ottawa region on Merivale Road.
