Bloomberg Law
March 22, 2023, 3:41 PM

Armstrong Flooring Moves to Dismiss Bankruptcy Following Sale

Evan Ochsner
Evan Ochsner

Armstrong Flooring, Inc., asked a judge for permission to dissolve after asset sales fell short of covering outstanding debt, saying that dismissing its Chapter 11 bankruptcy is in the best interest of creditors.

“The Debtors have no business left to reorganize because they have sold substantially all of their assets and operations,” the company said in a Tuesday motion to dismiss the case filed in the US Bankruptcy Court for the District of Delaware.

The request comes eight months after Armstrong sold most of its assets to three different buyer groups for about $200 million. The company initially filed for ...

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