Fresh & Easy files bankruptcy; PACA claimants appear to be in good shape
Fresh & Easy files bankruptcy; PACA claimants appear to be in good shape
Fresh & Easy Neighborhood Markets Inc. has filed for Chapter 11 bankruptcy protection as part of its plans to sell its stores to the Yucaipa Cos., with the first-day motions seemingly approving sufficient funds to cover PACA Trust produce creditors.
Elise O'Brien, an attorney with Rynn & Janowsky, a Newport Beach, CA-based law firm specializing in PACA law, said that sufficient funds were allocated as a result of those motions to pay also PACA Trust claims as well as current produce debts.