October 23, 2017 8:17 AM ET

Distributors

Company Overview of Zelouf International Corp.

Company Overview

Zelouf International Corp. imports and distributes textile. The company was incorporated in 2013 and is based in New York, New York.

225 West 37th Street

10th Floor

New York, NY 10018

United States

Founded in 2013

Phone:

212-221-3131

Fax:

212-764-4188

Key Executives for Zelouf International Corp.

Zelouf International Corp. does not have any Key Executives recorded.

Zelouf International Corp. Key Developments

Reorganization Plan Approved for Zelouf International Corp.

The US Bankruptcy Court approved the disclosure statement and plan of reorganization of Zelouf International Corp. on December 17, 2015. As per the approved plan, administrative claim, professional fee claims of $0.43 million and priority tax claims of $1,000 will be paid full in cash. Non-tax priority claims will be paid full in cash. NZ allowed claims of $8 million shall be paid full as the settlement agreement. As per the settlement agreement, NZ will be paid on the effective date through the exit finance. General unsecured claims of $2 million shall be paid paid full. Interest holders will retain their stake in the reorganized debtor upon emergence. The plan will be funded through execution of Exit finance from Merchant Factors Corp., revenues from the future business operations and cash on hand as of the effective date.

Reorganization Plan & Related Disclosure Statement Filed by Zelouf International Corp.

Zelouf International Corp. filed plan of reorganization and related disclosure statement in the US Bankruptcy Court on November 12, 2015. As per the plan filed, administrative claim, professional fee claims of $0.43 million and priority tax claims of $1,000 will be paid full in cash. Non-tax priority claims will be paid full in cash. NZ allowed claims of $8 million shall be paid full as the settlement agreement. As per the settlement agreement, NZ will be paid on the effective date through the exit finance. General unsecured claims of $2 million shall be paid paid full. Interest holders will retain their stake in the reorganized debtor upon emergence. The plan will be funded through execution of Exit finance from Merchant Factors Corp., revenues from the future business operations and cash on hand as of the effective date.

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