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R. Ray Fulmer II

Banking & Finance / Legal / Manufacturing

As Factory Closes, Allens Foods Remains in BankruptcyLock Icon

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 >
Agriculture & Poultry / Investments / Legal / Manufacturing / Retail

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 >
Agriculture & Poultry / Banking & Finance / Government & Politics / Legal / Restaurants & Food

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 >
Agriculture & Poultry / Investments / Legal / Manufacturing / Public Companies

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 >