LL Flooring files for Chapter 11 bankruptcy Reuters

(Reuters) – Specialty flooring retailer LL Flooring said on Sunday it has begun Chapter 11 bankruptcy proceedings in a Delaware district court after securing $130 million in debtor-in-possession financing from a group existing banking led by Bank of America.

The company listed estimated assets in the range of $500 million to $1 billion and liabilities between $100 million and $500 million, according to a court filing.