Latest Breaking News On - Prnewswire pipeline foods - Page 1 : comparemela.com

FRIDLEY, Minn., July 9, 2021 /PRNewswire/ Pipeline Foods, LLC today announced that it and certain subsidiaries and affiliates (collectively, the Company or Pipeline Foods ) have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court ). Details on the Company s Chapter 11 process and go-forward strategy are as follows: Continued Operations: The Company will be filing customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the Company s ability to operate within a cash collateral budget, including, among other things, the payment of employee wages and benefits without interruption and the use of cash collateral. These motions are typical in the Chapter 11 process and the Company anticipates that they will be approved shortly after the commencement of its Chapter 11 case.

United statesErin heitkampAnthony sepichWinston marMichael gesasSaul ewing arnstein lehrPipeline foodsDistrict of delaware the bankruptcy courtPrnewswire pipeline foodsUnited states bankruptcy courtBankruptcy courtCompany or pipeline foodsCompany chapterBankruptcy codeStrategic alternativesMaximize value