About this iReport
  • Not verified by CNN

  • Click to view gertrudehuey's profile
    Posted August 12, 2014 by

    More from gertrudehuey

    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.


    Add your Story Add your Story