Then eighth largest, nationwide furniture retailer with sales of $680 million.
Strained relationships with suppliers due to late payments and eventual shutdown of shipments.
Negative publicity and unreliable delivery to consumers led to sharp decline in sales.
As debtor’s senior advisor, led administration of Chapter 11 filing.
Worked with claims agent and counsel on various court filings.
Oversight of daily financial and operational activities, including liaison, settlement and negotiation with vendors and third party liquidators, cash flow forecast and management activities.
Identified and initiated actions to recover $200 million of preference payments.