Assets from a mattress company that hasn't held up its end of a loan agreement with the City of Wichita Falls are being sold this weekend.
Company officials could soon try to sell some of Natura World Inc.'s assets.
Natura World Incorporated's Ontario branch has new ownership, but the
Wichita Falls location won't be affected; at least not for now.
Natura World's headquarters in Canada has moved into a new stage of
bankruptcy known as receivership ... Which Wichita Falls Chamber of
Commerce President Tim Chase says is equivalent to chapter seven
bankruptcy" in the States.
Now that the city of Wichita Falls has invested more than eight million
dollars in mattress manufacturer, Natura ... taxpayers have a vested
interest in its future.
If you drove by Natura World's mattress manufacturing plant off I-44
yesterday or today ... you might have noticed a moving van in front of