October 06, 2011
A Delaware bankruptcy judge on Wednesday granted poultry processor Townsends Inc.'s request to convert its bankruptcy from Chapter 11 to a Chapter 7 liquidation, but gave the company a week to tie up loose ends before putting a trustee in charge.
September 14, 2011
Bankrupt poultry processor Townsends Inc. has abandoned its Chapter 11 bankruptcy petition and said it wants to enter a Chapter 7 liquidation under a plan submitted Wednesday to a Delaware bankruptcy judge.