Small business owner feels 'robbed' after Painted Tree announces bankruptcy
Vendors at The Painted Tree have until Friday to clear out their booths as the company files for bankruptcy, leaving many wondering if they will recover unpaid earnings and prepaid rent
Hundreds of small business owners are scrambling to clear out their inventory after The Painted Tree announced it is closing stores nationwide and filing for bankruptcy.
The Painted Tree operates as a small business shopping mall where owners rent booths instead of opening their own storefronts. There are two locations in Central Virginia, one in Chesterfield and another in Glen Allen.
"We got a call that said look, all of the stores are going to be closing nationwide, you need to go get your stuff right now, The Painted Tree is filing for bankruptcy," Katie Cominsky said.
Cominsky owns HoneyBloom Company and is one of the many vendors impacted by the sudden closure.
"For The Painted Tree to put us in this position has put a strain on us physically, emotionally, all of the things. We are spent this week, I'm tired, there's been a lot going on," Cominsky said.
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