Overview
- Karagozian filed a personal concurso preventivo on June 26 and the La Rioja court opened his case on September 18, ordering it to be processed together with Hilado S.A.
- Creditors must submit verification requests by November 30, 2026, and the sindicatura must file its individual report by February 10, 2027 and a general report by March 12, 2027.
- Central Bank records show Hilado S.A. has 1,421 bounced checks totaling about 5,916 million pesos, with 1,420 returned for lack of funds and only 84 showing payment for roughly 590 million pesos.
- The group has already cut production and closed its direct-to-consumer brand DFAC in April after plant slowdowns that began in January, with company filings indicating about 1,600 employees across its firms.
- Lawyers and creditors will now work under the court timetable to verify claims which could speed a restructuring or lead to liquidation, a process that will also shape payments to suppliers and jobs in Argentina's strained textile sector.