Isle garment maker Mango Moon Inc. has filed for bankruptcy court protection, staying in business but holding off creditors while it attempts to reorganize its finances. Mango Moon files
for Chapter 11The bankruptcy filings of customers
like Kmart and American Classic
Voyages result in a cash-flow crunch
for the local garment makerBy Russ Lynch
rlynch@starbulletin.comThe company's attorney, Grant K. Kidani, said Mango Moon is having trouble with only one creditor, which he declined to name.
The creditors list in the company's Chapter 11 filing in bankruptcy court in Honolulu includes City Bank, the Internal Revenue Service, the state Department of Taxation, Bank of Hawaii/American Express and a number of suppliers of materials and services.
The papers filed Monday do not list the amounts owed or the company's total debts and assets.
Kidani said Mango Moon lost business when the Sept. 11 disaster cut into the tourist business and had additional cash-flow problems because of bankruptcy filings by other companies, including American Classic Voyages and Kmart.
"They're still operating and doing well," making a comeback, and the business has been current for over a year in its payments to the one "unreasonable" creditor, Kidani said.
Founded in 1997 by Gary Skinner, who had been a well-known basketball player at Kaimuki High School and Chaminade University, the business has a warehouse on Kamani Street in Kakaako and a retail store in the Ward Warehouse.
It sells a variety of aloha shirts, T-shirts, muumuus and sarongs. Mango Moon shirts are often seen on television because coach June Jones and other University of Hawaii athletics officials wear them to games.