Bankrupt grocer wants to sell two stores
Published: July 18,2013
Tags: bankrupt, bankruptcy, bankruptcy law, Belle Foods, bench, Columbus, court, grocer, grocery store, judge, judicial, judiciary, justice, law, legal, Meridian, Piggly Wiggly, sale, sell, Southern Family Market
COLUMBUS and MERIDIAN — Belle Foods is asking a federal bankruptcy judge to let it sale grocery stores in Meridian and Columbus.
The Southern Family Market in Columbus and a Piggly Wiggly store in Meridian plus 10 locations in Alabama are on the list for sale if an U.S. Bankruptcy judge in Alabama agrees.
The grocery corporation filed for Chapter 11 bankruptcy earlier this month and announced plans to close 13 stores by Aug. 3.
Company officials say they are trying to reconcile $42 million in debt with the moves.
Prior to the bankruptcy filing, Belle Foods operated 57 stores in Alabama, Georgia, Florida, and Mississippi.
The stores scheduled to remain open include the Piggly Wiggly in Starkville.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Warden who lives hundreds of miles from jail resigns
- Jail kitchen supervisor pleads guilty to stealing food
- BankPlus recognized for alternative program to payday lending
- Top 10 finalists chosen for C Spire Conerly Trophy
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Analyst: KiOR Columbus plant may end up sold as scrap
- Ex-MDEQ leader Fisher joins Butler Snow
- State’s new banking chief Charlotte Corley has deep roots in the business
- Stricklin: Deer parasites don't affect quality of venison