A leading hard-surface flooring manufacturer in the US has filed for Chapter 11 bankruptcy protection to prevent a lender-initiated foreclosure and pursue a going-concern sale, supported by USD 4 million in debtor-in-possession financing.
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The filing, made on 4 August in the U.S. Bankruptcy Court for the Northern District of Georgia, lists assets between USD 50 million and USD 100 million and liabilities ranging from USD 10 million to USD 50 million. Funds are expected to be available for unsecured creditors.
Wellmade Floor Coverings International, Inc., and its debtor affiliate based in Tualatin, Oregon, designs, manufactures, and distributes flooring products. The bankruptcy follows an FBI raid in March 2025 at Wellmade's Cartersville, Georgia facility, connected to a labour trafficking investigation.
The company aims to restructure and maintain operations while seeking a sale to preserve value for creditors and stakeholders amid ongoing legal and operational difficulties. The case number is 25-58764.
Source: www.floordaily.net
