Eric Foucrier

Linder's Furniture, a Southern California furniture, mattress and electronics chain that has operated for 31 years, is closing all 11 stores after filing for a bankruptcy alternative earlier this month. On November 2, Linder's entered into a General Assignment for the Benefit of Creditors under California law. The decision to close its stores, which include a higher-end Legacy Furniture Store, was announced November 15. Inventory valued at more than $20 million will be sold in a process managed by Gordon Brothers LLC and APJL Consulting LLC. "Despite our best efforts, these turbulent times have left us with no choice