Mi Pueblo, which has 21 Northern California stores targeting Hispanic shoppers, filed for Chapter 11 bankruptcy protection July 22, claiming it has financing issues with its main lender.
The “First Day Motions” were filed on Wednesday (July 24) including the plan to pay fresh produce creditors, who have a priority position because of the PACA Trust provisions. Currently those creditors are being identified. Indications are that the produce debt is $1-$2 million.
If you are a PACA Trust creditor of the San Jose, CA, based retailer and have any questions about the Chapter 11 procedure or how to ensure that your claim is properly filed, please contact Tom Oliveri in the Western Growers Trade Practices and Commodity Services department at 949 885-2269.
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