Florida bankruptcy filing for tomato grower. Agriculture has been a long and historic business in Florida. The economy has even hit this long profitable industry. A tomato grower was hit by the decline in tomato prices. The business had to be saved. A Florida Bankruptcy lawyer was sought out for assistance. The result was the filing of a Florida bankruptcy case. Grainger Farms Inc. has filed a Chapter 11 bankruptcy case. The company is based in Bradenton, Florida. Creditors are owed more than $38 million. Grainger operates more than 5,000 acres of farmland. They not only harvest tomatoes. The farm also produces citrus and performs cattle ranching. Even though the farm generated nearly $23 million in 2014, it has not been enough to pay its bills. The farm attempted to negotiate with its creditors. Those efforts failed. That is when a decision to file a bankruptcy was made. The bankruptcy filing will allow the farm to survive by restructuring its debts. The farm stretches into three Florida counties, Collier, Hendry, and Manatee counties. The farm in 2014 alone produced more than 2 million cartons of tomatoes. The farm also harvested more than 1,310 acres of oranges. The bankruptcy filing will allow this farm to survive. Get its debts in order, and harvest produce and cattle for hopefully many more years to come. Individuals throughout Florida face the same issues. Creditors will not quit calling on debts. Many try to work out arrangements to pay. Many times creditors will not budge. The terms are too hard for many to ever climb out of debt. That is the time people in debt often have to do exactly what the tomato farm had to do. Call a bankruptcy lawyer. Discuss the options. Find out if a bankruptcy can lift the burden of debt that seems never to go down. Relief could be a phone call away.
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