NutraCea filed for Chapter 11 bankruptcy Tuesday. According to a company statement, the bankruptcy filing will allow the company the company to restructure, sell non-core assets, and reduce overhead.
The company processes and converts rice bran and operates in four states. It listed total assets of $83.7 million and total debt of $18.9 million.
If you or anyone you know is considering filing for Chapter 11 bankruptcy, contact the Arizona bankruptcy attorneys of the Harmon Law Office at 408-829-0494.