Wells Fargo, which is the single secured lender, is owed $3.94 million. In the voluntary petitions made April 2, Fresh Produce Holdings and five related entities said they had between $10 million and $50 million in liabilities, and assets that fell in the same range.Īs of Tuesday, the company had not filed detailed financial records with the bankruptcy court. The reorganization proceedings would allow Fresh Produce to negotiate a recapitalization under court supervision and could result in an outright sale or liquidation of the clothier that last year marked its 30th anniversary, according to filings made in the U.S. Boulder-based Fresh Produce Holdings LLC, a designer, manufacturer and retailer of clothing for women and children, has filed paperwork seeking Chapter 11 bankruptcy protection.
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