ATS and creditors close to reaching an agreement
ATS and creditors close to reaching an agreement
PACA creditors who were owed about $500,000 were close to reaching a settlement agreement with ATS LLC (formerly known as Arkansas Tomato Shippers), which suspended operations the third week of October.
Priscilla Grannis of the law firm Rynn & Janowsky told The Produce News Oct. 31 that every time the phone rings, "I hope it is the debtor's counsel accepting the terms of an agreement. I am hopeful that we can get it done by the end of this week; if not, then early next week."
Priscilla Grannis of the law firm Rynn & Janowsky told The Produce News Oct. 31 that every time the phone rings, "I hope it is the debtor's counsel accepting the terms of an agreement. I am hopeful that we can get it done by the end of this week; if not, then early next week."