Founded in 1909, Los Angeles-based Dearden’s was one of Southern California’s oldest businesses, selling furniture, appliances and home goods, mostly to the lower-income Latino market.
In June of 2017, the retailer’s management team began an organized wind-down.
Dearden's elected to close all eight of its retail stores and monetize its receivable portfolio.
Hilco Receivables purchased the portfolio in the fall of 2017.
While Dearden’s commenced store-closing events at all of its locations, Hilco Receivables successfully transitioned the debtors from predominantly paying in-store to more efficient and effective web based payment systems.
Contact us today to learn how we can help to deliver practical solutions for your businesses.
Jay Stone is one of the foremost experts in the Accounts Receivable industry. Jay's visionary leadership, operational experience and analytical expertise result in exceptional performance for his customers over the years. Jay is an innovator delivering new ideas and strategies that can consistently deliver results for your business superior to your competition.