Get ready for HomeLife's liquidation furniture sale

[irwin]

from http://www0.mercurycenter.com/columnists/actionline/docs/action03.htm


Expect area Homelife stores to reopen for a going-out-of-business sale. The company isn't tipping its hand, but industry gossip says this probably will happen within a few weeks. The company says all inventory will be liquidated, even items that may already have been paid for.

[TheLoneGunman]

Originally posted by Passwird

Expect area Homelife stores to reopen for a going-out-of-business sale. The company isn't tipping its hand, but industry gossip says this probably will happen within a few weeks. The company says all inventory will be liquidated, even items that may already have been paid for.

HELLO!!!

Perhaps that could just be a company's business strategy from the beginning -- just keep reselling the same piece of furniture and never actually deliver it.

[DizzyT]

Sounds like the problems I (could have) had with Furniture.com. 8 months for an entertainment center that I bought. What a hassle. Had to call them constantly. The day after - the very day after - they announced going out of business.

Where is this place?

[jason_j_a]

In Orlando, a family called the police on Homelife claiming they were "robbed". The paid for furniture and weren't going to get it. Cops deemed it a civil case and therefore couldn't help them. Gotta feel for those people that got suckered into paying for the extended warranty.

[pennypinch]

Originally posted by TheLoneGunman

Originally posted by Passwird

Expect area Homelife stores to reopen for a going-out-of-business sale. The company isn't tipping its hand, but industry gossip says this probably will happen within a few weeks. The company says all inventory will be liquidated, even items that may already have been paid for.

HELLO!!!

Perhaps that could just be a company's business strategy from the beginning -- just keep reselling the same piece of furniture and never actually deliver it.

Road to riches, here I come!

But seriously, does registering as an unsecured creditor put you at the front of the line to be paid by the court? Christ, why do these people not pay with their credit cards when it comes to things like this?

[TheLoneGunman]

Originally posted by pennypinch

But seriously, does registering as an unsecured creditor put you at the front of the line to be paid by the court? Christ, why do these people not pay with their credit cards when it comes to things like this?

I believe technically, they are "secured" creditors as they have an actual piece of furniture built to their specs sitting in HomeLife's warehouse. However, HomeLife might try to claim the furniture is non-unique and so they are simply a regular creditor.

[pennypinch]

Originally posted by TheLoneGunman

Originally posted by pennypinch

But seriously, does registering as an unsecured creditor put you at the front of the line to be paid by the court? Christ, why do these people not pay with their credit cards when it comes to things like this?

I believe technically, they are "secured" creditors as they have an actual piece of furniture built to their specs sitting in HomeLife's warehouse. However, HomeLife might try to claim the furniture is non-unique and so they are simply a regular creditor.

Right, but if these scuzz buckets decide to liquidate the securd assets, they don't have them in the warehouse anymore, do they?

Man, this is a bizarre situation. And seemingly so routine with furniture places. Why is buying furniture always such a shady proposition?