On November 3, Trinity Fruit Company, Inc. argued that the expedited sale prevents Trinity from receiving payment of $42,790 plus 18 percent annual interest, which it says is guaranteed under the Perishable Agricultural Commodities Act.
The bankruptcy of Prima Wawona, California’s largest stone fruit producer, sent shocks throughout the industry.
Prima Wawona, the industry's largest producer of stone fruit, today announced that it is transitioning ownership of the Company and recapitalizing the business.
On August 9, 2023, Texas Produce Co., Inc., Houston, TX., filed a voluntary petition for bankruptcy under Chapter 7 In the United States Bankruptcy Court, Southern District of Texas (Houston) under case number 23-33038.
On July 26, 2023, Star Farms, Inc. located in Brighton, CO., filed a petition for bankruptcy under Chapter 12 In the United States Bankruptcy Court District of Colorado (Denver) under case number 23-13320.
Jacksonville, FL-based Surge Transportation reportedly owes 1,000 to 5,000 creditors an estimated $10 million to $50 million.
The company says it has a commitment from its largest secured creditor for $30 million debtor-in-possession financing, and plans to transfer operations of another farm to Mastronardi Produce in exchange for $3.75 million. Both are subject to approval.
In a recent bankruptcy update, AeroFarms says it plans to continue operating, and sell assets to a group of current investors.
Tattooed Chef, Inc., a leader in plant-based foods, announced today that it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California and intends to pursue a sale of substantially all of its assets under Section 363 of the Bankruptcy Code.
AeroFarms a global leader in indoor vertical farming, today announced that, after careful consideration by its board, it has filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.