Tuesday Morning is a national retail chain specializing in closeouts of medium to high-end name-brand gifts, luxury home textiles, home furnishings, housewares, and seasonal décor
Force 10 acted as the Debtors' financial advisor in the Chapter 11 bankruptcy of this national retail chain specializing in closeouts. The engagement involved supporting a partial self-liquidation, facilitating the Section 363 sale of approximately 197 stores, and managing the wind-down of remaining operations and assets. Additionally, Force 10 provided critical financial analyses and participated in resolving a contentious dispute among secured creditors over credit bid rights, the valuation of pre-petition collateral, DIP loan terms, bid procedures, and the distribution of cash proceeds.
