GARDEN GROVE, Calif.–Garden Grove-based Linder’s Furniture confirmed today it is going out of business.

On Nov. 2, the company entered into a “general assignment for the benefit of creditors,” an alternative to bankruptcy, and will start a going-out-of-business sale on Thursday at its 10 Southern California stores, said Craig Venezia of the Gorden Brothers Group, which will handle the liquidation.

Linder’s has more than $20 million in inventory–furniture, mattresses and accessories that will be sold off at discounted prices, Venezia said.

“Despite our best efforts, these turbulent times have left us with no choice but to wind down our operations,” said Eric Foucrier, president of Linder’s Furniture.” We believe this decision is in the best interest of our customers, employees and creditors.”

Philip Linder, chairman of the company, lamented its demise.

“Sadly, this marks the end of our 31-year history,” Linder said. “We very much appreciate the loyalty our customers have shown us over the years. As a final, ‘Thank you,’ we encourage them to take advantage of these incredible values, especially as the holiday season is about to begin.”

Some customers recently complained that furniture they ordered from Linder’s never arrived, and they have not received refunds. Venezia said he was unaware of such complaints.