Buena Park, CA-based Evergreen Fresh Farms Inc. has gone out of business, and on March 4 filed for Chapter 7 Bankruptcy in the Central District of California.
The company ceased operations in March, according to court records.
Evergreen Fresh Farms President, Eric Mydland, reported in the filing the company had more than $1.7 million in assets, including packing line equipment and a $90,000 Maserati. The assets also listed $1.3 million in claims against a grower-shipper, a transportation company and an attorney.
Liabilities were more than $1.5 million owed to 24 creditors, according to the filing. The largest trade debts include:
- $369,641 owed to Coronoa College Heights, Riverside, CA;
- $315,708 owed to Tom Lange Co., Springfield, IL;
- $200,662 owed to Manmar Produce Inc., Redlands, CA;
- $155,175 owed to Filmore-Piru Citrus, Piru, CA;
- $108,551 owed to Florida Beauty-Flora, Inc., Miami, FL;
The company also has an outstanding commercial line of credit in the amount of $199,083 with Chase Bank, Chicago, IL.
In the list of assets, Evergreen Fresh Farms included causes of action against third parties, which include:
- $800,000 against Manmar Produce, in pending litigation for “damage to inventory;”
- $400,000 against Florida Beauty-Flora Inc.; and
- $108,551 against Anderson Law Group for “legal malpractice.”
Three legal actions against Evergreen Fresh Farms were reported in the filing:
- Manmar Produce Inc., a pending collection in the San Bernardino Superior Court;
- Tom Lange Co., a pending collection in the U.S. District Court of Central California; and
- Florida Beauty-Flora Inc, a concluded collection in the U.S. District Court Southern Distrct.
A representative for Evergreen Fresh Farms did not respond to a request for comment.