{"id":48394,"date":"2025-11-30T17:13:15","date_gmt":"2025-11-30T17:13:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/48394\/"},"modified":"2025-11-30T17:13:15","modified_gmt":"2025-11-30T17:13:15","slug":"value-city-furniture-parent-files-chapter-11-seeks-buyer-wpxi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/48394\/","title":{"rendered":"Value City Furniture parent files Chapter 11, seeks buyer \u2013 WPXI"},"content":{"rendered":"<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">A well-known furniture chain with at least four Pittsburgh stores has filed for protection from creditors via Chapter 11 and seeks a buyer.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Columbus, Ohio-based American Signature Inc. operates in multiple metros including Pittsburgh as Value City Furniture and in others under its namesake brand. ASI <a href=\"https:\/\/www.businesswire.com\/news\/home\/20251122346632\/en\/American-Signature-Inc.-Files-Voluntary-Petitions-for-Chapter-11-Relief\" rel=\"nofollow noopener\" target=\"_blank\">said in a release that it began a court-supervised process<\/a> on Nov. 22 to facilitate a sale process in the hope of a competitive auction within 45 days.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">ASI said it expects to enter into a stalking horse asset purchase agreement with ASI Purchaser LLC, with the buyer acquiring substantially all of its assets and assuming certain related liabilities. <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\"><a href=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2025\/11\/24\/value-city-bankruptcy.html?ana=wpxi\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.bizjournals.com\/pittsburgh\/news\/2025\/11\/24\/value-city-bankruptcy.html?ana=wpxi\">Click here to read more from our partners at the Pittsburgh Business Times.<\/a><\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Download the <a href=\"https:\/\/www.wpxi.com\/mobile-apps\/\" rel=\"nofollow noopener\" target=\"_blank\">FREE WPXI News app<\/a> for breaking news alerts.<\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph\">Follow Channel 11 News on <a href=\"https:\/\/www.facebook.com\/wpxi\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a> and <a href=\"https:\/\/twitter.com\/WPXI\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a>. | <a href=\"https:\/\/www.wpxi.com\/video\/\" rel=\"nofollow noopener\" target=\"_blank\">Watch WPXI NOW<\/a><\/p>\n<p>TOP STORIES FROM CHANNEL 11 NEWS <\/p>\n<p class=\"default__StyledText-sc-tl066j-0 gJuxXh body-paragraph body-copyright\">\u00a92025 Cox Media Group<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"A well-known furniture chain with at least four Pittsburgh stores has filed for protection from creditors via Chapter&hellip;\n","protected":false},"author":2,"featured_media":48395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[28106,28107,79,28108,28109,28110,73,75,74,28111,28112,28113,28114],"class_list":{"0":"post-48394","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pittsburgh","8":"tag-albertsons","9":"tag-bugle-boy","10":"tag-city","11":"tag-dsw","12":"tag-furniture","13":"tag-gidding","14":"tag-pittsburgh","15":"tag-pittsburgh-headlines","16":"tag-pittsburgh-news","17":"tag-schottenstein","18":"tag-signature","19":"tag-value","20":"tag-vcf"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/48394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=48394"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/48394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/48395"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=48394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=48394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=48394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}