No Bull Mattress & More, a North Charleston, South Carolina-based mattress retail company, has voluntarily filed for bankruptcy. Court records show that its legal entity, Mattress Warehouse of Charlotte, Inc., filed for Chapter 11. The records reflect a wide gap between its assets and liabilities.
Note: A Chapter 11 bankruptcy filing is a legal process that allows a business to reorganize its debts, restructure obligations, and continue operating while working toward financial stability. Under Chapter 11, a debtor typically proposes a plan to repay creditors over time, subject to court approval. A Chapter 11 filing does not necessarily mean a business is closing or going out of business. For additional information, readers are encouraged to contact the business directly.
Overview of the Filing
Mattress Warehouse of Charlotte, Inc. submitted its petition on August 24, 2026. Case records identify the company as a small business debtor, adding that it decided to move forward with a Chapter 11, Subchapter V filing. This provision generally allows small businesses to manage their bankruptcy formalities in a streamlined manner.
Company owner John S. Madden, who is also the authorized representative, signed the petition before it was filed. In addition, attorney W. Harrison Penn of Penn Law Firm LLC is representing the company in court.
Highlights from the Petition
PACER records show that the company reported estimated assets and liabilities in its petition. According to it, while the liabilities of Mattress Warehouse of Charlotte, Inc. are estimated at around $2.82 million, the assets are approximately $374,535.
The company also submitted a list of creditors with the largest unsecured claims. Some of these creditors include Ally Bank, Greenbridge Funding LLC, Kingsdown Incorporated, American Express, OnDeck Finance, and Wells Fargo Bank.
The filing indicates that funds will be available for distribution to unsecured creditors.
A summary of the Chapter 11 petition is shared here:
- Filing Date: August 24, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of South Carolina
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-03863-jd
- Estimated Assets: Between $100,001 and $500,000
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: 1-49
About the Company
Court records show that Mattress Warehouse of Charlotte, Inc. does business as No Bull Mattress & More, a family-run mattress retailer. Founded by John Madden, the company operates stores in New Jersey, South Carolina, and North Carolina. Its offerings include mattresses of different sizes and types, with adjustable bases, box springs, bed frames, and related products.
The company website shows that it began as a local mattress business before growing its retail presence across the three states. Its product range includes memory foam, hybrid, innerspring, cooling, soft, firm, and pillow-top mattresses.
Other Mattress Companies Have Filed for Chapter 11
A range of mattress companies across the country have been facing financial pressures, which has resulted in increased bankruptcy cases.
On June 1, 2026, a mattress company based in Van Nuys, California, sought Chapter 11 protection. Case records showed that the liabilities of Ortho Mattress Inc. were higher than its assets. The manufacturing company has been producing and selling mattresses for more than 69 years across 60-plus locations in Southern California.
A Mexico-based furniture chain filed for Chapter 11 on March 4, 2026. Court filings showed it operates as American Home Furniture & Mattress and intends to readjust using the proceedings. The company has been offering mattresses, furniture items, rugs, and other products for almost nine decades.
Columbus, Ohio-based American Signature Inc commenced bankruptcy proceedings on November 22, 2025. Court records showed that the 77-year-old furniture retail company was aiming to prepare a restructuring plan. The company serves as the parent operator of American Signature Furniture and Value City Furniture.
Brenmark Inc. made a Chapter 11 filing on November 9, 2025. The petition showed that it operates under the name Mattresses for Less, and decided to proceed with Subchapter V. The Houston company provides a wide range of mattresses and bedding items across several brands.
Mattress Warehouse of Charlotte, Inc. joins this list, with upcoming proceedings expected to determine how the company addresses its financial obligations.
