Major fabric supplier Robert Allen Duralee Group Furniture has filed for chapter 11 protection in the U.S. Bankruptcy Court’s New York Eastern District, FurnitureToday.com reported. The Robert Allen Duralee Group is a resource for luxury home décor with a product line comprising more than 45,000 SKUs of fabric, trim, decorative hardware and furniture within multiple brands from commercial to residential. The filing indicates more than 6,000 creditors and interested parties, with the top 30 unsecured creditors owed $12.8 million. The top five creditors are listed as Valdese Weavers, $2.575 million; Sumec Textile Co., $1.683 million; Triplex Shanghai Enterprises, $978,635.97; EDPA USA/Dilhan Texsil, $745,722.40; and P Kaufmann, $650,051.54. The filing lists RAD Group assets of between $50 million and $100 million. Mark T. Power of the New York City law firm Hahn & Hessen LLP represented Robert Allen Duralee Group in the filing.
