LL Flooring files for Chapter 11 bankruptcy

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

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