Cordes & Company

Bankruptcy Issues for challenged convenience store

A convenience store facing various operational and financial challenges filed for bankruptcy protection when faced with a possible foreclosure action.  Cordes was retained by the secured lender to review the books and records of the debtor, perform site and operational analyses, monitor the progress of the debtor during the bankruptcy proceedings and review the bankruptcy plan for reasonableness and feasibility.  The work performed by Cordes resulted in an extensive report regarding the operational and financial condition of the debtor as well as identifying the significant challenges related to the proposed bankruptcy plan and underlying projections.  Ultimately, the lender was granted relief from stay and it initiated foreclosure proceedings.

California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
Colorado
5299 DTC Boulevard
Suite 815
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
220 South 6th Street
Suite 2125
Minneapolis, MN 55402
Telephone: 612.455.6027
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