Belle Foods Ch. 11 Deal Stiffs Some Creditors, Court Told

Law360, New York (January 16, 2014, 5:18 PM ET) -- The former landlord of bankrupt Belle Foods LLC on Thursday objected in Alabama bankruptcy court to a proposed $1.5 million trust for unsecured creditors to be funded by Belle Foods’ lenders, saying the misleading deal would leave general unsecured creditors with nothing.

Green Springs Ltd., which holds a $430,000 unsecured claim against Belle Foods, asked the court to deny a settlement proposed by the committee of unsecured creditors and Belle Foods’ primary lenders, Southern Family Markets LLC and C&S Wholesale Grocers, saying the agreement, which would...
To view the full article, register now.




Case Information

Case Title

Belle Foods, LLC

Case Number



Alabama Northern

Nature of Suit

Date Filed

July 1, 2013

Law Firms