Barbeques Galore Inc., a closely held retailer of barbeque grills and accessories in the US and Australia, filed for bankruptcy, citing a decline in home sales, a ``trigger'' for its grill sales.
``the general collapse of the market from home sales'' and the company's inability to borrow from its bank lender or from Ironbridge forced it to seek bankruptcy protection.
Ironbridge bought the company just before housing sales started to decline, the company said
The company owes Ironbridge $US38 million in unsecured debt that is subordinated to the credit line.
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