Blonder Files Ch. 7 Bankruptcy

CLEVELAND - Bath accessories supplier Blonder filed for Ch. 7 bankruptcy, the procedure used for liquidation.
     In its Dec. 19 filing in the Ohio Northern District Bankruptcy Cout, Blonder claimed assets of $3.17 million and liabilities of $4.75 million.
     Year-to-date income in 2011 amounted to just under $2.9 million, according to the bankruptcy petition.
     Blonder's list of unsecured creditors included 48 employees owed wages and benefits. Only a few home textiles companies were cited among the unsecured creditors and for small amounts. Brazilian towel manufacturer Buettner is owed about $6,500 and Bochang Towels of Taiwan just over $600.
     Blonder, which produced a number of licensed lines, also listed Bentley Licensing Group among its unsecured creditors with an outstanding payment due of about $11,000.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!