Following 13 months of restructuring under Chapter 13 bankruptcy, the poultry-processing company Pilgrim's Pride emerged from bankruptcy and common stock began trading on the New York Stock Exchange earlier today. The Texas company was purchased earlier this year by Greeley-based JBS USA Holdings Inc for $800 million dollars in cash.
The company's reorganization plan under Chapter 13 provided a promise to repay all of the company's creditors in full as soon as the company can.
If you are a business owner and are considering filing for Chapter 13 bankruptcy, contact the Galveston & Clear Lake bankruptcy lawyers of Gipson, Norman & Root at 281-332-2800 today.
