Handy Andy declared bankruptcy on October 17, 1995, due to creditor pressures, which led to the closure of about 20 of its stores.
At that time, Handy Andy had over $120 million in debt and was planning to reorganize into hardware supermarkets.
In early 1996, however, creditors forced Handy Andy to liquidate its assets to repay its outstanding debts.
On January 25, 1996, Handy Andy announced it would be closing its remaining 54 stores, laying off over 2,500 employees.
He was at the helm at the time of Handy Andy's bankruptcy on October 17, 1995, and for the company's ultimate closure in June 1996.
Handy Andy may refer to:
Handy Andy (supermarket chain)
It was gratifying to see how Andy (a proper Handy Andy) persevered and gently helped Richard come to terms with his 'collection'.
This article is about the children's tools, for other uses of the term, see Handy Andy.
Nicknamed "Handy Andy", Pafko was a popular player well known for good hitting and fielding, and contributed to championship-caliber teams in three different cities.