Peanut Corp. Of America Files For Bankruptcy

Salmonella Bankruptcy BREAKING NEWS The peanut processing company at the heart of a national salmonella outbreak has filed for bankruptcy protection.

by Jamie Burch

Published: Fri, February 13, 2009 - 1:57 pm CST

ATLANTA (AP) - The peanut processing company at the heart of a
national salmonella outbreak has filed for bankruptcy.
The Virginia-based Peanut Corp. of America filed Friday for
Chapter 7 bankruptcy protection in bankruptcy court in Lynchburg,
Va. The company said in the filing that its debt and assets both
ranged between $1 million and $10 million.
The salmonella outbreak was traced to one of the company's
plants in Blakely, Ga., where inspectors found roaches, mold and a
leaking roof. A second plant in Texas was shuttered this week. The
outbreak has resulted in more than 500 illnesses, led to one of the
nation's biggest recalls and caused as many as nine deaths.
The government is working on a criminal investigation into the
case, and several lawsuits have been filed.

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(Copyright 2009 by The Associated Press. All Rights Reserved.)

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owlman Says:

Sat, Feb 14, 2009 at 7:31 am

Wow, what a way for the slease ball owner to get out of paying millions. I agree with Hate-it, they should not allow them to do that or attach everything the owner has and make him a pauper. He’ needs to pay for his not caring for what his business has done.

cmb1 Says:

Fri, Feb 13, 2009 at 3:56 pm

Thats why they did now, no one can file law suits when there is nothing to get..

Hate-it Says:

Fri, Feb 13, 2009 at 3:52 pm

You don’t think its because they are going to get their a—sued off do you? They shouldn’t let them do it until they settle their law suits…..