The vast majority of the property owned via bankrupt poultry corporate Chefs Project had been bought via Bel’s Poultry, an associate of Pitman Circle of relatives Farms.
The be offering was once valued at $7.1 million and was once authorized via U.S. Chapter Courtroom Pass judgement on Karen Owens within the District of Delaware, in accordance to a record from Arkansas Industry.
Based in 2019, Chefs Project specialised within the manufacturing and processing of pasture-raised, slow-growth chickens. It operated vegetation in the Oklahoma cities of Jay and Tahlequah, but additionally had operations in Arkansas.
Then again, in December 2023, Chefs Project staff had been notified by the use of a letter that the corporate was once “not able to discover a way to the corporate’s monetary difficulties and are left without a selection however to close down the corporate and its amenities.”
Chefs Project would move directly to record for Bankruptcy 7 chapter on April 19. A bankruptcy 7 chapter does no longer contain the submitting of a plan of compensation, however slightly, the chapter trustee gathers and sells the debtor’s non-exempt property and makes use of the proceeds of such property to pay holders of collectors in keeping with the provisions of the chapter code.
Pitman Circle of relatives Farms and Bel’s Poultry are each headquartered in Sanger, California. Pitman’s key broiler emblem is Mary’s Chickens. Pitman Circle of relatives Farms expanded its operations in 2018 with the purchase of Utah-based turkey manufacturer Norbest.