Filing Alert: BTG Textiles Chapter 11

BTG Textiles, Inc., a Montebello, CA-based textile manufacturer, filed for Chapter 11 protection on Jan. 24 in the U.S. Bankruptcy Court for the Central District of California.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-10548.

Top Unsecured Claims

Key Parties

• Counsel:
  • Name: Michael Jay Berger
  • Firm: Law Offices of Michael Jay Berger
  • Email: michael.berger@bankruptcypower.com
• Signatories:
  • Name: Yohan Soleman Chowdhury
  • Title: President and CEO
• Equity Security Holders:
  • Yohan Soleman Chowdhury (74%)
  • Mohammad Alam (16%)
  • Syed Karim Raza (10%)

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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