West Hempstead-based retailer National Wholesale Liquidators Inc., which recently disclosed plans to lay off 392 workers in New York State, has filed for chapter 11 bankruptcy and "is winding down its operations," Newsday reported. The Wednesday night bankruptcy filing by NSC Wholesale Holdings LLC estimates it has assets of $10 million to $50 million and liabilities in the same range. A news release Wednesday said the company has engaged two companies to help it sell the inventory and fixtures at its stores. The filing in U.S. Bankruptcy Court in Wilmington, Delaware, put the number of creditors at 200 to 999. The largest listed creditor, Arett Sales Corp. of Pennsauken, New Jersey, had an unsecured claim of $3.4 million, according to the filing.
