Bankrupt home goods retailer Altmeyer’s started a liquidation sale at four of its locations Thursday.
Stores in New Kensington, Greensburg, Uniontown and West Mifflin are open for the sale, which offers discounts of 20% to 50%.
Stores in Butler and Johnstown are not open.
The sale is authorized by an Oct. 26 order in bankruptcy court. Altmeyer’s filed a petition July 11 for Chapter 7 protection, which allows a company to sell off its nonexempt property and distribute the proceeds to creditors.
The sale is permitted to continue until Jan. 31 but could be extended, said Robert Slone, the court-appointed bankruptcy trustee with the law firm Mahady & Mahady.
Proceeds from the sale will be used to pay the company’s creditors. Slone could not say how many creditors there are or how much they are owed, as all claims have not yet been filed.
In July, 125 creditors were listed in court documents.
The New Kensington, Greensburg, Uniontown and West Mifflin stores will be open from 10 a.m. to 6 p.m. Mondays through Saturdays. All but the Uniontown store are also open noon to 5 p.m. Sundays.
A representative at the New Kensington store said terms of the liquidation include that all sales are final. Checks and the American Express credit card are not accepted.
Altmeyer’s specialized in home goods such as bedding, bath and kitchenwares, and window treatments. George Altmeyer founded it in April 1941 selling dry goods from the basement of Corbin’s Bar and Grill on 10th Street in New Kensington.
Altmeyer’s will be out of business at the end of the liquidation sale, Slone said.
