Armstrong Flooring gets OK for Ch. 11 Auction in June

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By Rick Archer (May 26, 2022, 7:15 p.m. EDT) – A Delaware bankruptcy judge has approved Armstrong Flooring’s plans to put its assets on the block by the end of next month after hearing that the manufacturer had resolved all objections to the proposed short -sale deadline Chapter 11.

In a virtual hearing on Thursday, U.S. Bankruptcy Judge Mary F. Walrath approved Armstrong’s sale plan, which aims to sell all of the company’s global assets within 45 days of filing Chapter 11 bankruptcy. society.

Armstrong, one of the world’s leading producers of vinyl flooring materials, filed for Chapter 11 protection on May 8 with more than $160 million in secured debt, saying it was looking to sell…

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