R. Ray Fulmer II
As Factory Closes, Allens Foods Remains in Bankruptcy
Allens remains in bankruptcy, and its trustee in the Chapter 7 liquidation continues to fight some of the creditors that he accused of scheming to buy the vegetable and food processor out of bankruptcy in order to save themselves millions while leaving most creditors holding an empty bag. read more >
Trustee Charges Collusion in Allens’ Case
The trustee in Allens Inc.’s Chapter 7 liquidation has accused some creditors of scheming to buy the Siloam Springs vegetable and food processor out of bankruptcy in 2014 in order to save themselves millions while leaving most creditors holding an empty bag. read more >
by Mark Friedman -
Allens Inc. Cited by USDA for Unpaid Produce
Bankrupt Allens Inc. of Siloam Springs has been cited by the U.S. Department of Agriculture for failing to pay for $9.8 million worth of produce. read more >
Allens’ Successor Sager Creek Also Faced Financial Trouble
The company that bought Allens Inc. of Siloam Springs out of bankruptcy was just a week away from filing its own Chapter 11 bankruptcy in February, according to the trustee for Allens. Sager Creek Vegetable Co. “had significant cash-flow problems,” Allens’ Chapter 7 Trustee R. Ray Fulmer II of Fort Smith told Arkansas Business. read more >
by Mark Friedman -