Suppliers Move To Force Home Valu Into Bankruptcy

Minneapolis, MN, Feb. 2, 2010--Three suppliers, including one of the country's largest flooring distributors, who are owed nearly $500,000 by Home Valu Interiors have moved to force the failed home remodeling company into bankruptcy, according to a story in the StarTribune.

In an involuntary bankruptcy petition filed Friday in U.S. Bankruptcy Court in Minneapolis, Herregan Distributors Inc., of Eagan, one of the country's largest flooring distributors, said Home Valu owes it $254,357. In addition, Florstar Sales Inc. of Romeoville, Ill., claims it's owed $196,227, and Hank's Specialties Inc. of New Brighton lists unpaid bills of $33,092.

Home Valu began liquidating inventory the second week of January, but had not made its own bankruptcy filing, the newspaper said.