‘Pink Slime’ producers, AFA Foods, files for bankruptcy

by DeLadurantey Law Office, LLC on April 5, 2012

The ground beef producers, AFA Foods Inc., has  filed for chapter 11 bankruptcy on Monday. Officials with the company stated that the financial issues began before the media frenzy about a filler used in ground beef plants called “pink slime” even started.

Pink slime is reported to be a  beef product filler that has a pink color and its use was recently released into mainstream media. An editor for Supermarket News, stated that the ground beef industry began to face declines before the pink slime uprising, but after this information was released, supermarkets asked their suppliers to stop using it.

Other meat producing plants, began to fall back on other meat products, by AFA had a particularly difficult time because they only produce ground beef. In the bankruptcy filing, AFA listed debts near $197.3 million.

If your business has been struggling with debt and you would like to find a way out of this difficult time. This may be the time to speak to an experienced representative about your financial options. Contact the Milwaukee bankruptcy lawyers of the DeLadurantey Law Office, LLC by calling 414-377-0518 today.

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