A&M Carpet Files Chapter 11 Bankruptcy

October 1, 2009 12:00:00 AM PDT
A long time Fresno company has filed for chapter 11 bankruptcy.Two locations of A&M Carpet are closing as the company tries to reorganize. The company's president says their revenues have plummeted the last 18 months.

A&M opened in 1969 and expanded to four locations. But they are trying to remain open to honor their customers' warranties.

Lee Horwitz said, "Most companies just turn around and lock their doors and walk away. And open up the next day as another name. We put our home numbers on our car. And we stay totally accountable and I want to continue to stay accountable."

The A&M stores at Shaw and Valentine and Shaw & Clovis Avenues are being shut down. So far the company has laid off 25 employees. Managers hope to fast track the bankruptcy process.

    MORE BUSINESS NEWS | TWEET@ABC30 | FREE ABC30 WIDGET
-----------------------------------------------------------------------------------------------
Sign up for Breaking News Alerts
Breaking News E-Mail Alerts | Text Message Alerts
-----------------------------------------------------------------------------------------------
More News on abc30.com
Local | California/State | National | Weather | Entertainment | Politics | Sports | Health Watch | Consumer Watch | Mr. Food |
-----------------------------------------------------------------------------------------------


Load Comments