Retail

Out-of-court wind down of operations and assets

Force 10 began its engagement approximately six months before the Chapter 11 and started analyzing the company's long-term viability. In conjunction with management and the sponsor, it was determined that the best course was to liquidate the entire store fleet for the benefit of its creditors. The successful liquidations were completed very early in the Chapter 11 case, and a plan was promptly negotiated with committee professionals.

Financial advisor to the official committee of unsecured creditors

Retailer succumbed to the pressure of omnichannel competitors. Executed on orderly liquidation to maximize recovery to creditors.

Force 10 secured a DIP loan, stalking horse bidder, conducted 363 process and confirmed a Plan of Reorganization while negotiating a complex capital structure and various stakeholder priorities.

Financial advisor to the Debtor during its 2023 Chapter 11 proceedings