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    Posted August 12, 2014 by
    gertrudehuey

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    Financial Overview Corliss Moore Group Liquidation

     

    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. Whether serving as interim management or working on a project basis, CorlissMoore offers relevant insight along with our pledge to do so in a timely and efficient manner.

     

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