Founder of Windowizards has Filed for Personal Bankruptcy
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Home Improvement Store Founder Files for Bankruptcy

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March 01, 2011

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Home improvement store founder files for bankruptcy

Harvey Goodman, the founder of the home improvement company Windowizards, recently filed for Chapter 7 bankruptcy protection, leaving many customers of the business in doubt about whether their orders will ever be processed.

Windowizards closed briefly two months ago, re-opened, and closed again in February, according to the Bucks County Courier Times. Goodman's bankruptcy filing listed $1.1 million in assets and $5.8 million in liabilities, most of which he owes either to the business or on a business-related credit account.

The closing of the home improvement store left approximately 200 people with about $500,000 worth of claims, according to the Philadelphia Inquirer.

Michael Bannon, director of Bucks County Consumer Protection, said that an investigation is currently underway to determine what effect Goodman's bankruptcy filing will have on these unfinished orders. However, despite his Chapter 7 bankruptcy filing, Goodman continued to send installation crews to houses and returning deposits to other consumers, Bannon said.

"We’re looking into it right now," he said. "It may not make a difference. The repair work is still going on."


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