Filene's Basement, Inc.

Filene’s Basement was a retailer specializing in value-priced fashion with multiple stores in the eastern and midwestern United States. The firm obtained approval of a going-concern sale that resulted in significant proceeds for the estate, the continuation of the business and name under new ownership, and the preservation of the jobs of many of the company’s nearly 2000 employees. The success of the sale, combined with settlements with key constituencies, allowed for a prompt proposal of the liquidating plan that creditors voted overwhelmingly to support.