|Published:||Mar 07, 2011 7:54 PM EST|
|Updated:||Mar 07, 2011 4:59 PM EST|
Robb and Stucky is fighting for another chance to survive as a furniture company. But it has to convince creditors that it can re-organize. The alternative is for creditors to just liquidate the company, effectively ending its 96-year run as a Fort Myers-based company.
"I hope they make it. I do not wish ill on anyone in this business. That is bad karma," said Barry Brahm, owner of Fabulous Furniture in Ft. Myers. "I believe they got into trouble by not adjusting their profit margins."
Company Spokesman Dan Lubner says executives are meeting with attorneys in Ft. Lauderdale, hoping to work out a way to survive. A federal judge in Tampa is supposed to rule on Tuesday on whatever solution comes out of the Ft. Lauderdale meetings.
"I hope they make it, I really love their furniture," said Pattie Brennan of Bonita Springs. "It is unique and while it may be costly, it is worth it in quality."
The company, that supplied furniture to Thomas Edison's home in Ft. Myers, declared bankruptcy. It has debts of 57 million dollars.