Deposits will be honoured

Customers who put money down on furniture at The Living Room and The Bedroom Shoppe before the stores closed will receive their products, says the man overseeing the liquidation.

Customers who put money down on furniture at The Living Room and The Bedroom Shoppe before the stores closed will receive their products, says the man overseeing the liquidation.

The two stores at Liberty Crossing in Gasoline Alley, which are owned by Russell Ventures Ltd., ceased operations late last month. Russell Ventures was subsequently assigned into bankruptcy and Hudson & Company Insolvency Trustees Inc. named trustee.

Ingenious Ideas Inc. of Moncton, N.B., has been contracted to sell the stores’ assets, with the liquidation scheduled to begin Wednesday at noon.

Ingenious Ideas owner Bernie Caspick said on Monday that Russell Ventures’ creditors have agreed and the court has authorized that customers who paid a deposit or the full price of goods should receive them.

That was encouraging news for Susan Munn, who placed a deposit on a pair of couches before the stores closed. She had become worried after telephone calls and even a registered letter to Hudson & Company went unanswered.

Caspick, who said he would call Munn after he learned about her concerns, said he’s been contacted by customers.

“I sympathize with these people. If I had paid $1,500, $2,000, $4,000 up front and not received my product, and then the store went into bankruptcy, I’d be terribly upset.”

He said prepaid customers will be able to complete their transactions if they present proof of purchase and pay the balance owing. However, they’ll have to wait until next Monday.

Caspick explained the list of who’s entitled to product and how much they’ve paid has just been compiled, and it would be too difficult to deal with those customers while conducting the liquidation’s first days.

“Wednesday, Thursday, Friday, Saturday, Sunday it’s going to be a zoo in here.”

Customers will also have to arrange for delivery of their goods or pay an extra fee for it, regardless of what they were previously promised, said Caspick.

In addition to their stores in Red Deer County, The Bedroom Shoppe and The Living Room each operated at two locations in Calgary and at one in Okotoks, and shared an outlet store in Calgary.

With merchandise deeply discounted and in some cases selling at below cost, Caspick doesn’t expect the liquidation will continue very long.

“I doubt I’ll get to mid-August.”

A letter from Hudson & Company sent out to Russell Ventures creditors in late June identified approximately 50 individuals and companies that were owed a combined $3.3 million.

The Bedroom Shoppe and The Living Room, opened at Liberty Crossing in December 2007.

hrichards@bprda.wpengine.com

Todd and Wanda Markin are partners in Russell Ventures.

Just Posted

Trudeau: no apologies for heckler encounter, pledges to call out ‘hate speech’

OTTAWA — Hate speech and the politics of division are creating a… Continue reading

Rocky Mountain House RCMP charge woman with drug trafficking

Rocky Mountain House RCMP have charged a woman with drug trafficking after… Continue reading

Officials report some headway on wildfires, but thick smoke hangs over B.C.

Wildfire crews report some headway was made over the weekend battling hundreds… Continue reading

WATCH: Central Albertans learn about farm life at Sunnybrook Farm Museum

Pioneer Days Festival in Red Deer Saturday-Sunday

Raising awareness for Bikers Against Child Abuse

Second annual Raise A Ruckus Against Child Abuse was held at the Red Deer Radisson Hotel Saturday

WATCH: Medicine River Wildlife Centre opens new playground

The grand opening of the playground was Saturday morning

Police chiefs want new data-sharing treaty with U.S. as privacy questions linger

OTTAWA — Canada’s police chiefs are pressing the Trudeau government to sign… Continue reading

Pope on sex abuse: “We showed no care for the little ones”

VATICAN CITY — Pope Francis issued a letter to Catholics around the… Continue reading

Ottawa announces $189M to extend employment insurance for seasonal workers

ESCUMINAC, N.B. — Ottawa has announced $189 million for an employment insurance… Continue reading

Trudeau formally announces he’ll run again in next year’s election

MONTREAL — Justin Trudeau will run again in the 2019 federal election.… Continue reading

Smoke from B.C. wildfires prompts air quality advisories across Western Canada

VANCOUVER — More smoky, hazy air is expected to blanket much of… Continue reading

Anti-pipeline protesters released days before weeklong jail sentences end

MAPLE RIDGE, B.C. — Several pipeline protesters were released from a British… Continue reading

All eyes on Andrew Scheer as Conservative convention set for Halifax

OTTAWA — After a week of internal caucus squabbles, Conservative Leader Andrew… Continue reading

Trump says his White House counsel not a ‘RAT’ like Nixon’s

BRIDGEWATER, N.J. — President Donald Trump insisted Sunday that his White House… Continue reading

Most Read


Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month