Canned Vegetable Co. Files For Ch. 11 Reorganization

Law360, New York (October 28, 2013, 3:21 PM EDT) -- Family-owned canned and frozen vegetable manufacturer Allens Inc. filed voluntary petitions for Chapter 11 relief in Arkansas bankruptcy court on Monday, saying in a statement that it intends to operate its business as usual while it restructures.

Allens filed various motions with the Western District of Arkansas in support of its reorganization, including requesting authorization to continue paying employee wages and providing health care and other benefits, according to the statement.

The company said it has entered the process with the support of its first- and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.