RoomStore Inc. wants to pull the plug on its chapter 11 case and bring in a trustee to liquidate its remaining assets after sparring with its bankruptcy lender, Dow Jones DBR Small Cap reported today. The defunct furniture chain, which has already sold off its operating assets in a series of going-out-of-business sales, is asking a judge to convert its case to chapter 7 liquidation. Last week, the company received three letters from lender Salus Capital Partners LLC alleging events of default and outlining Salus's plans to take back its collateral, which amounts to substantially all of RoomStore 's remaining assets.
