Kleid Creditors to Receive Payments

Share this article:
Creditors in the The Kleid Co. bankruptcy case should be receiving their first payments next week. Kleid, New York, planned to mail $800,000 by the end of this week.


"Significant list owner payments have been cut, have been approved and are in the process of being distributed,'' Kleid CFO John Hughes said on May 13. "They will be followed by more.''


Kleid has collected more than $2.2 million since filing for Chapter 11 bankruptcy March 11. Although almost $7 million remains to be collected, Hughes said, payments are coming in from some of its major clients.


Eighty-five percent of post-filing accounts payable will be dispersed to creditors three weeks after receipt.


Kleid moved from its office at 530 Fifth Avenue on May 15. It now is located at 230 Park Ave, Suite 1160, New York. The new phone number is 212/808-4631 and fax 212/808-4636.
Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Target Names Retail Veteran Brian Cornell as CEO

Target Names Retail Veteran Brian Cornell as CEO

He leaves the top job at PepsiCo Foods to take the spot vacated by Greg Steinhafel in the aftermath of the data breach.

NBA Names Insurance Exec as its CMO

NBA Names Insurance Exec as its CMO

Nationwide and State Farm veteran Pamela El takes the league's marketing helm next month.

Bloomberg Names Bigley CMO

Bloomberg Names Bigley CMO

Communications chief Deirdre Bigley is appointed head of global marketing for the business and financial news company.