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‘The wheels came off’ cries shopper as beloved appliance retailer closes all stores after company files bankruptcy [Video]

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Starting a Business

HIGH-END appliance brand Pirch filed Chapter 7 bankruptcy after shutting all its locations.

The company’s furniture showrooms went into “temporary” closures in March.

Pirch is closing its high end showroomsCredit: Getty

Now, the company is liquidating assets, meaning some or all of the locations will stay shut.

Pirch has 6 showroom locations, all in California.

It filed Chapter 7 bankruptcy in U.S. Bankruptcy Court on April 19.

Chapter 7 is a legal process that repays debts while taking a company entirely out of business.

Shutting down operations allows a company in debt to sell off buildings and other assets to help repay creditors.

Company officials told employees last week that they would shut down for good, Orange County Register reported.

The company has refund and order information available on its website.

The company’s top-line appliances and furniture did not manage to keep it afloat.

Pirch’s assets are worth between $10 million and $50 million, according to court …

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