Grocery Chain Belle Foods Seeks Ch. 11 Protection
Listing between $10 million and $50 million in both assets and liabilities, the privately held company pointed to technical issues with its accounting system and “lending structure” issues as causes of its lack of liquidity. And the arrival of newer, nearby grocers hasn’t helped the business, the company’s CEO said in a court filing.
“With older locations, [the] debtor has had...
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