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Published on 4/19/2012 in the Prospect News Distressed Debt Daily.

BP Clothing reports $1.36 million March net loss, negative net revenue

By Jim Witters

Wilmington, Del., April 19 - BP Clothing LLC reported a net loss of $1.36 million in March on net revenue of negative $1,095, according to the company's monthly operating statement filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures compare to a net loss of $1.17 million for February on net revenue of $358,008.

The company also reported cash on hand of $1.19 million as of March 31, up from $511,999 at the end of February.

BP Clothing is a New York-based women's apparel company that filed for bankruptcy on Dec. 12. Its Chapter 11 case number is 11-15696.


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