Great Pacific Seafoods Files for Bankruptcy
SEAFOODNEWS.COM by Michael Ramsingh - May 31, 2016
Seattle’s Great Pacific Seafoods officially filed for bankruptcy this past Sunday after reports on Friday confirmed the operator had shuttered all of its operations in Alaska.
Basically, Great Pacific’s secured and unsecured creditor claims are approximately equal to its total assets. According to the company’s bankruptcy filing, its revenues fell from $26.5 million in 2014 to $21.2 million last year. The company reported assets of $12.4 million and liabilities...
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