Tag: bankruptcy

Data, scores, and A/R provided sufficient warning and reason for vendors to monitor transactions and outstanding balances with H. Brooks and Company, LLC, New Brighton, MN more closely.

Every year, this Blueprints department discusses a company that closed its doors during the prior year. Our objective is to see if we, as credit extenders, can learn from the company’s decline or help reinforce processes to minimize the impact. For those who were on the short end, this case study will perhaps provide hindsight and lead to more proactive steps when the next customer begins to fail, because it will happen.

Two years after a private equity firm acquired two iconic Twin Cities’ fresh produce operations, bankruptcy appears imminent as the bills go unpaid and lawsuits accumulate.

The companies will have access to additional liquidity through a post-petition debtor in possession loan being extended by VitaNova Brands.

Country Fresh, a leading fresh-cut fruit, vegetable, and snacking solutions provider, filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas in order to effectuate the upcoming sale of the company.

Legendary Baking I LLC, trading as J. Horners, operating out of Nashville, Tenn., has posted a $400,000 surety bond with the USDA.

Casual dining chain Ruby Tuesday filed for Chapter 11 bankruptcy today and plans to close nearly half of their restaurant operations.

To facilitate an orderly sale, KB and its subsidiaries have commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the Southern District of New York.

Maines Paper & Food Service, Inc., Conklin, NY, a 101-year old distributor with $3.5 billion in annual sales, filed Chapter 11 bankruptcy, with a plan for liquidation.

In Blue Book Services “Care in Crisis” video No. 5, Marketing Director Jeff Lair highlights the Blue Book Bankruptcy Report – available to members – with Greg Johnson, Director of Media Development.