Furniture Express

Situation

Furniture Express Inc. (“Furniture Express” or the “Company”), was a retailer of furniture and the owner of eight separate retail centers.

The Company encountered financial difficulties due to the economic downturn.

Amherst Partners was retained to act as the receiver on behalf of the secured creditor in connection with the Company’s liquidation.

Solution

Amherst identified and negotiated a sale of the remaining inventory with a structure providing the customers to utilize their outstanding deposits.

Throughout the process, Amherst Partners managed the real estate and oversaw the sale and property tax appeal processes.

Results

The Company was liquidated without incident and the secured lender avoided further adverse media exposure.