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https://www.wsj.com/articles/bedding-manufacturer-corsicana-preps-sale-to-lenders-in-chapter-11-11656353178

Corsicana Bedding LLC, one of the largest mattress manufacturers in the U.S., filed for bankruptcy on Saturday planning to sell itself to its top lenders as consumers spend less on its products.

The Dallas-based company, founded in 1971, determined it doesn’t have sufficient liquidity to make payments on $145 million in debt, according to court filings by its chief restructuring officer, Michael Juniper.

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