30-year-old furniture retailer liquidating under Chapter 7

Core Insights - The furniture industry is experiencing a downturn due to economic concerns, leading consumers to reduce discretionary spending [1][2] - Country Willow, a New York-area furniture retailer, has filed for Chapter 7 bankruptcy and will be liquidated [3][4] Company Overview - Country Willow Ltd. operates as a home furnishings retailer, also known as Willow Furniture & Design, offering furniture, home décor, and interior design services [7] - The company is located in Bedford Hills, New York, and has a primary showroom [7] Bankruptcy Details - The Chapter 7 bankruptcy was filed on February 2, 2026, in the United States Bankruptcy Court, Southern District of New York [7] - Estimated assets are between $1 million to $10 million, while estimated liabilities range from $10 million to $50 million [7] - The number of creditors listed is between 50 to 99, and the company will be liquidated, with remaining assets sold by a trustee to pay creditors [7] Liquidation Process - Planned Furniture Promotions is expected to assist in handling the company's dissolution and liquidation process [5][7] - The company had previously rebranded from Country Willow to Willow Furniture & Design, reflecting a broader range of styles [6]