A Las Vegas-based company filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Nevada on June 18. Zama & Zama is the parent company to a fashion retailer offering luxury goods and jewelry themed on good fortune and spirituality.
Several fashion brands have struggled post‑pandemic due to weakened demand and supply‑chain constraints
Highlights
- Zama & Zama Inc. filed for Chapter 11 bankruptcy protection on June 18.
- According to Pacermonitor’s data, the company’s assets and liabilities are estimated to be between between $1 million and $10 million.
- Its biggest creditors include American Express and Seattle Inc.
Zama & Zama Inc. Files for Chapter 11 Bankruptcy
The parent company of Karma and Luck (a luxury goods jewelry retailer) filed for bankruptcy this week to readjust its debts. According to the petition in the U.S. Bankruptcy Court for the District of Nevada, Zama & Zama has listed assets and liabilities as $1 million to $10 million.
Zama & Zama owes Seattle, Inc. $2.56 million and American Express $498,000; it also owes over $83,000 to New WTC Retail Owner and more than $231,000 to IMI Miracle Mile.
What Lies Ahead for Zama & Zama Inc.?
As per information from Pacermonitor, Zama & Zama Inc. will be participating in a creditors meeting on June 24, 2025. This will mark a step ahead in its bankruptcy proceedings, with the Las Vegas company getting to interact with creditors.
The claims deadline for Zama & Zama Inc. in the U.S. Bankruptcy Court for the District of Nevada is October 22, 2025.
While the pandemic’s fallout lingers, filing Chapter 11 could enable Zama & Zama to negotiate with creditors and reorganize.
