The Situation
- Served as Plan Administrator during liquidation of national retail chain (jewelry and home goods)
- Over 200 retail locations (50,000 square feet per location)
- Three distribution center locations
- More than $1.5 billion in claims
- Low recovery expectation
The Results
- Sold designation rights to real estate portfolio
- Successful going out of business sales at the store level
- Reconciled claims to less than $150 million
- Recovery to unsecured creditors far exceeded expectations
CorlissMoore principals bring years of senior executive experience - we know and understand the issues faced by boards, management and stakeholders in today's turbulent economy. More cost effective and responsive than larger firms, CorlissMoore helps clients navigate through challenging, unique or crisis situations, plan for future growth, develop an appropriate strategy, and lead and execute that strategy.
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adreanacorrs Joined: Aug-13-2014 |
CorlissMoore principals bring years of senior executive experience - we know and understand the issues faced by boards, management and stakeholders in today's turbulent economy.
