Handy Andy Home Improvement Centers

2
2 years agoOpen For Voting

Richard George was planning the closing of 17 during the initial bankruptcy to keep 57 stores open. However the lender(s) filed involuntary bankruptcy.

This is interesting as I have never heard of lenders filing bankruptcy in this manner.

A quote from a Oct 17, 1995 Chicago Tribune article…

“That very same day . . . I learned that the lending banks were filing involuntary bankruptcy” for Handy Andy, George said….
As recently as the day before, he said, “we were working with them” on refinancing.