Aug 11 (Reuters) - Specialty flooring retailer LL

Flooring ( LL ) on Sunday said that it had commenced Chapter 11

bankruptcy proceedings in a Delaware district court after

securing $130 million in debtor-in-possession financing from an

existing bank group led by Bank of America ( BAC ).

The company listed estimated assets in the range of $500

million to $1 billion and liabilities in the range of $100

million to $500 million, according to a court filing.