Bankrupt grocer wants to sell two stores
by Associated Press
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
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- Hood issues opinion on open-carry gun law
- State granted delay in implementing teacher evaluations
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team
- Board continues to negotiate with propsective hospital buyers
- Keeping our eye on... Liz Lancaster