Business & Tech
Virginia-Based LL Flooring Closing Woodbridge Location Amid Bankruptcy Filing
A Virginia-based discount flooring company is closing one of its locations in the state amid a chapter 11 bankruptcy filing.
![LL Flooring, a Virginia-based flooring company, filed for chapter 11 bankruptcy and will close its Woodbridge location and 93 others.](https://patch.com/img/cdn20/shutterstock/22924509/20240813/101342/styles/patch_image/public/shutterstock-272827235___13101202749.jpg)
WOODBRIDGE, VA — A Virginia-based discount flooring company will close its Woodbridge location after filing for chapter 11 bankruptcy.
LL Flooring Holdings, was originally named Lumber Liquidators, plans to close 94 stores. Store closing sales have begun.
The Woodbridge store at 14516 Potomac Mills Road is the only one in Virginia closing, as over 300 stores across the U.S. will remain open. Other Virginia locations include Chantilly, Fredericksburg, Hampton, Leesburg, Lorton, Lynchburg, Manassas, Norfolk, North Chesterfield, Richmond, Salem, Williamsburg, Virginia Beach, Harrisonburg, Christiansburg and Winchester.
Find out what's happening in Woodbridgewith free, real-time updates from Patch.
The chapter 11 bankruptcy filing means LL Flooring Holdings is reorganizing without liquidating all its assets. After marketing its business and distribution center in Sandston, Virginia, the company says it is negotiating with bidders and could pursue sale of its business within a few weeks.
"Today’s step is intended to provide LL Flooring with additional time and financial flexibility as we reduce our physical footprint and close certain stores while pursuing a going-concern sale of the rest of our business," said Charles Tyson, president and CEO of LL Flooring, in a statement.
Find out what's happening in Woodbridgewith free, real-time updates from Patch.
The company had changed its name from Lumber Liquidators following the aftermath of a 2015 60 Minutes investigation. The investigation revealed the company used laminate flooring sourced from China. The flooring was found with high amounts of formaldehyde, which has been linked to a cancer risk. A federal court case resulted in the company agreeing to pay a $33 million penalty for giving false information to investors about selling the laminate flooring from China.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.