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VeroBlue Farms USA trust has distributed $272,998 to creditors so far
By Caroline Salls
Pittsburgh, Oct. 4 – VeroBlue Farms USA, Inc.’s unsecured creditors trust had distributed $272,998 to various creditors as of Sept. 19, according to a status report filed Thursday with the U.S. Bankruptcy Court for the Northern District of Iowa.
A total of $620,000 was tendered to the trust under VeroBlue’s Chapter 11 plan. As a result, 12.9% has been distributed to creditors.
The company said reserves have been made for creditors whose claims may be disputed or subject to objection.
VeroBlue Farms is based in Webster City, Iowa. It filed for bankruptcy on Sept. 21, 2018 under Chapter 11 case number 18-01297.
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