Clean-Up in Aisle Bankruptcy

Written by CFB Blogger. Posted in Blog

Hempfield Foods Inc., the company that had run a Shop ‘n Save store in Hempfield, Pennsylvania, has recently filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Pittsburgh. They list over $1.5 million in liabilities, including a $765,000 claim by the benefits fund for former employees, and just $35,320 in assets in a checking account. Shop ‘n Save closed earlier this spring when Hempfield Foods’ lease with SuperValu Holdings Inc. expired in April. SuperValu, a Minneapolis-area food distributor, owns the store and surrounding property, reports Joe Napsha for www.triblive.com. Hempfield Foods has fewer than 50 creditors, but $1.34 million is owed to two creditors: the United Food and Commercial Workers Union Local 23, which represented the workers, and James A. Skatell, who is listed as the vice president and treasurer of Hempfield Foods and who signed the bankruptcy documents. Skatell’s claim is listed as an unsecured, non-priority claim. Hempfield Foods avers in their Chapter 7 bankruptcy filing that the Food and Commercial Workers Union’ benefits fund claim is not a priority for repayment. The bankruptcy trustee in the case will ultimately determine if the benefits are funded. When considering filing Chapter 7 or Chapter 13 bankruptcy, it is imperative that you have the best legal advice and representation available. The bankruptcy attorneys at Client First Bankruptcy experts are familiar with all aspects of personal bankruptcy. If you are sick of seeing unpaid credit bills and late car payment notices piling up in your home and if you are afraid to answer the phone dreading that it is another debt collection agency harassing you, call the compassionate and experienced bankruptcy lawyers at Client First Bankruptcy experts. We pride ourselves on helping people just like you start a new financial life. Call us Monday thru Friday from 8:30 a.m-6:00 p.m. Central Time toll-free at 800-383-6004. For vital information on filing your personal bankruptcy any time, please log onto www.clientfirstbankruptcy.com in a user-friendly, interactive format.