FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                         Date of Report: January 9, 1998
                        (Date of earliest event reported)
 


  LEVITZ FURNITURE INCORPORATED                 LEVITZ FURNITURE CORPORATION
 (Exact name of registrant                      (Exact name of registrant 
 as specified in its charter)                   as specified in its charter) 

<TABLE>

<S>                <C>              <C>                                       <C>              <C>       
 Delaware          1-12046          23-2351830            Florida             33-1534          23-1657490
(State or other  (Commission File   (IRS Employer       (State or other     (Commission       (IRS Employer
jurisdiction of     Number)        Identification No.)  jurisdiction of      File Number)    Identification No.)
incorporation)                                            incorporation)

</TABLE>


                        6111 Broken Sound Parkway, N.W. 
                         Boca Raton, Florida 33487-2799
                                 (561) 994-6006
      (Address including zip code, and telephone number including area code
                  of registrants' principal executive offices)


Item 5. Other Events.

          On January 9, 1998, Levitz Furniture Corporation, a Florida
corporation ("Levitz"), and its wholly owned subsidiary John M. Smyth
Company, an Illinois corporation ("JMS"), consummated the previously
announced sale of substantially all of the assets of JMS to Heilig-Meyers
Company, a Virginia corporation ("Heilig").  Levitz is a wholly owned
subsidiary of Levitz Furniture Incorporated, a Delaware corporation
("LFI").

          The  aggregate  purchase  price,  which is  subject  to certain
post-closing  adjustments,  paid to JMS by Heilig was  approximately  $34
million,  including  $23,680,000  in  consideration  for the  transfer of
certain real property and improvements. JMS had operated retail furniture
stores in the Chicago  metropolitan  area. The closing follows receipt of
approval  from the  United  States  District  Court for the  District  of
Delaware.  A copy of the Order of the District Court  approving the sale,
among other things,  is attached as an Exhibit hereto and is incorporated
by reference herein.

          On January 12, 1998,  Levitz and Smyth  issued a press  release
announcing  consummation of the transaction,  a copy of which is attached
as an Exhibit hereto and is incorporated by reference herein.

Item 7.  Financial Statements and Exhibits.

(a)      Not Applicable

(b)      Not Applicable

(c)      Exhibits:

         99.1       Press release dated January 12, 1998.

         99.2       Order of the  United  States  District  Court for the
                    District of Delaware, dated January 7, 1998, under 11
                    U.S.C. Section 105(a), 363, 365 and 1146(c) and Fed. R.
                    Bankr. P. 2002, 6006(a), 6004, and 9014 (a) approving
                    Asset Purchase Agreement with Heilig-Meyers Company,
                    (b) authorizing sale of substantially all of the
                    assets of John M. Smyth company and John M. Smyth
                    Realty Company free and clear of liens, claims,
                    encumbrances and interests, (c) approving assumption
                    and assignment of certain executory contracts, and
                    (d) granting related relief.



                                SIGNATURES

          Pursuant to the requirements of the Securities  Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                                            LEVITZ FURNITURE INCORPORATED


                                            By: /s/ Edward P. Zimmer   
                                                  Edward P. Zimmer
                                                  Vice President




Date:  January 20, 1998


                                SIGNATURES

          Pursuant to the requirements of the Securities  Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


                                            LEVITZ FURNITURE CORPORATION


                                            By: /s/ Edward P. Zimmer   
                                                   Edward P. Zimmer
                                                   Vice President



Date: January 20, 1998


                            INDEX TO EXHIBITS

         Exhibit
         Number             Exhibit

         99.1     Press release dated January 12, 1998.

         99.2     Order of the  United States District Court for the
                  District of Delaware, dated January 7, 1998, under 11
                  U.S.C. Sections 105(a), 363, 365 and 1146(c) and Fed.
                  R.  Bankr. P. 2002, 6006(a), 6004, and 9014 (a)
                  approving Asset Purchase  Agreement with Heilig-Meyers
                  Company, (b) authorizing sale of substantially  all of
                  the assets of John M. Smyth company  and John M. Smyth
                  Realty Company  free and clear of liens, claims,
                  encumbrances and interests, (c) approving assumption
                  and assignment of certain executory contracts, and (d)
                  granting related relief.
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 5728}]
[{"company-data": {"conformed-name": "LEVITZ FURNITURE INC", "cik": "0000902279", "assigned-sic": "5712", "irs-number": "232351830", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12046", "film-number": "98509222"}, "business-address": {"street1": "6111 BROKEN SOUND PKWY NW", "city": "BOCA RATON", "state": "FL", "zip": "33487-2799", "phone": "4079946006"}, "mail-address": {"street1": "6111 BROKEN SOUND PKWY NW", "city": "BOCA RATON", "state": "FL", "zip": "33487-2799"}}, {"company-data": {"conformed-name": "LEVITZ FURNITURE CORP /FL/", "cik": "0000058997", "assigned-sic": "5712", "irs-number": "231657490", "state-of-incorporation": "FL", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-61534", "film-number": "98509223"}, "business-address": {"street1": "6111 BROKEN SOUND PKWY NW", "city": "BOCA RATON", "state": "FL", "zip": "33487", "phone": "4079946006"}, "mail-address": {"street1": "6111 BROKEN SOUND PKWY NW", "city": "BOCA RATON", "state": "FL", "zip": "33487-2799"}}]
FORM 8-K

                       SECURITIES AND EXCHANGE COMMISSION

                              Washington, DC 20549

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                         Date of Report: January 9, 1998
                        (Date of earliest event reported)
 

  LEVITZ FURNITURE INCORPORATED                 LEVITZ FURNITURE CORPORATION
 (Exact name of registrant                      (Exact name of registrant 
 as specified in its charter)                   as specified in its charter)
Delaware          1-12046          23-2351830            Florida             33-1534          23-1657490
(State or other  (Commission File   (IRS Employer       (State or other     (Commission       (IRS Employer
jurisdiction of     Number)        Identification No.)  jurisdiction of      File Number)    Identification No.)
incorporation)                                            incorporation)
6111 Broken Sound Parkway, N.W. 
                         Boca Raton, Florida 33487-2799
                                 (561) 994-6006
      (Address including zip code, and telephone number including area code
                  of registrants' principal executive offices)

Item 5. Other Events.

          On January 9, 1998, Levitz Furniture Corporation, a Florida
corporation ("Levitz"), and its wholly owned subsidiary John M. Smyth
Company, an Illinois corporation ("JMS"), consummated the previously
announced sale of substantially all of the assets of JMS to Heilig-Meyers
Company, a Virginia corporation ("Heilig").  Levitz is a wholly owned
subsidiary of Levitz Furniture Incorporated, a Delaware corporation
("LFI").

          The  aggregate  purchase  price,  which is  subject  to certain
post-closing  adjustments,  paid to JMS by Heilig was  approximately  $34
million,  including  $23,680,000  in  consideration  for the  transfer of
certain real property and improvements. JMS had operated retail furniture
stores in the Chicago  metropolitan  area. The closing follows receipt of
approval  from the  United  States  District  Court for the  District  of
Delaware.  A copy of the Order of the District Court  approving the sale,
among other things,  is attached as an Exhibit hereto and is incorporated
by reference herein.

          On January 12, 1998,  Levitz and Smyth  issued a press  release
announcing  consummation of the transaction,  a copy of which is attached
as an Exhibit hereto and is incorporated by reference herein.

Item 7.  Financial Statements and Exhibits.

(a)      Not Applicable

(b)      Not Applicable

(c)      Exhibits:

         99.1       Press release dated January 12, 1998.

         99.2       Order of the  United  States  District  Court for the
                    District of Delaware, dated January 7, 1998, under 11
                    U.S.C. Section 105(a), 363, 365 and 1146(c) and Fed. R.
                    Bankr. P. 2002, 6006(a), 6004, and 9014 (a) approving
                    Asset Purchase Agreement with Heilig-Meyers Company,
                    (b) authorizing sale of substantially all of the
                    assets of John M. Smyth company and John M. Smyth
                    Realty Company free and clear of liens, claims,
                    encumbrances and interests, (c) approving assumption
                    and assignment of certain executory contracts, and
                    (d) granting related relief.

                                SIGNATURES

          Pursuant to the requirements of the Securities  Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

                                            LEVITZ FURNITURE INCORPORATED

                                            By: /s/ Edward P. Zimmer   
                                                  Edward P. Zimmer
                                                  Vice President

Date:  January 20, 1998

                                SIGNATURES

          Pursuant to the requirements of the Securities  Exchange Act of
1934, as amended, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.

                                            LEVITZ FURNITURE CORPORATION

                                            By: /s/ Edward P. Zimmer   
                                                   Edward P. Zimmer
                                                   Vice President

Date: January 20, 1998

                            INDEX TO EXHIBITS

         Exhibit
         Number             Exhibit

         99.1     Press release dated January 12, 1998.

         99.2     Order of the  United States District Court for the
                  District of Delaware, dated January 7, 1998, under 11
                  U.S.C. Sections 105(a), 363, 365 and 1146(c) and Fed.
                  R.  Bankr. P. 2002, 6006(a), 6004, and 9014 (a)
                  approving Asset Purchase  Agreement with Heilig-Meyers
                  Company, (b) authorizing sale of substantially  all of
                  the assets of John M. Smyth company  and John M. Smyth
                  Realty Company  free and clear of liens, claims,
                  encumbrances and interests, (c) approving assumption
                  and assignment of certain executory contracts, and (d)
                  granting related relief.