1800mattress.com

Court Approves Increased Financing for 1800mattress.com Operations

Published in Healthcare Finance, Tax and Law Weekly, April 29th, 2009

The U.S. Bankruptcy Court, Eastern District of New York, today approved an increase in debtor-in-possession financing proposed by 1800mattress.com, that will better enable the mattress and bedding accessories retailer to service its customers. The financing was increased to $900,000 from $550,000 and is being provided by Sleepy's, which is seeking to acquire the company through the Chapter 11 process.

The company sought the increased funding after the court extended a decision on a final purchaser until mid May, roughly four weeks more than was originally proposed.

"The additional funding enables us to continue to provide the high quality service,...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Healthcare Finance, Tax and Law Weekly

Source: Healthcare Finance, Tax and Law Weekly (2009-04-29)

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry