What Happens Next in Renovo Bankruptcy Shocker?

The parent company of the home improvement player filed for Chapter 7 in November in what seems to be a sudden collapse of its business. HomeRenew Buyer Inc., which operated under the Renovo brand name, had been rolling up a number of regional remodeling and renovation companies, apparently funded largely by private equity firms.  According […]

TimberHP Files for Pre-Packaged Bankruptcy

The wood fiber insulation producer is restructuring to eliminate its debt and will continue in operation. Based in Madison, ME, TimberHP said in court papers that it ran into financial difficulties from delays and unexpected costs retrofitting its paper mill facility because of inflation and supply-chain issues. The pre-arranged filing is expected to eliminate about […]

Will LL Flooring Be Forced to File for Bankruptcy?

Speculation is rising that one of the wood industry’s most important retailers may be close to going into Chapter 11. Following a precipitous drop in sales – down 21.7 percent this year – and with its share price tumbling more than 70 percent since the start of the year, the big retailer may be weighing […]