by GARDENA, Calif. — The top 20 unsecured creditors in the Z Gallerie bankruptcy case are owed nearly $8.2 million in claims, according to the company’s Chapter 11 filing issued Oct. 16.
The companies include a mix of suppliers and service providers that have done business with the retailer in recent months as it faced liquidity issues and soft foot traffic in its stores partly because of a slowdown in the housing market. They represent a small portion of the overall creditors impacted by the case, estimated somewhere between 200 and 1,000 firms.
The amount of money these creditors receive depends on how much money the company receives from the sale of various assets, namely inventory from its stores and distribution facility. When it comes to collecting debts owed, unsecured creditors are also typically behind larger secured creditors such as banks and other lending institutions owed money.
Below is a list of the top unsecured creditors listed in Z Gallerie’s Chapter 11 petition and the amounts they are each owed:
+ Federal Express – $1,322,569.22
+ AT&T – $1,169,885.89
+ Terreno 139th LLC – $718,531.65
+ 4th Street Holdings LLC – $701,866.62
+ Shayne (Macao Commercial Offshore) – $532,835.80
+ DC 02 – South Gate – $402,887.81
+ Google LLC – $398,922.68
+ Kuka (HK) Trade Co. Ltd. – $317,067
+ United Logistix Group – $287,644.47
+ Carmichael International Service – $286,454.02
+ UPS Freight – $284, 364.25
+ South Coast Plaza – $235,799.03
+ Quad/Graphics Inc. – $213,990.60
+ Tampa Westshore Associates LP – $208,858.14
+ Sovos Compliance LLC – $208,609.81
+ Connor Group International LLC – $191,864.66
+ Jonathan Louis International – $185,353.28
+ Giltner Logistics – $176,234.82
+ Fashion Show Mall LLC – $174,680.09
+ Inspiro Relia Inc. – $155,337.95
