Cordes & Company

Wheel, tire and related accessory retail outlet shutdown and liquidation

Cordes and Company determined that the best course of action would be to immediately close down the business due to the fact of the debt to Great Western Bank of around $3.8 million on a real estate loan and about $500k on a RLOC. Immediate closure of the business would preserve the assets and minimize the carrying costs going forward until such time that the assets could be liquidated.  The decision was communicated to all parties and operations were ceased and the liquidation process began.

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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