date:Sep 18, 2012
Alessi, a bakery and catering business based in Florida, US, has filed for Chapter 11 bankruptcy protection, seeking to reorganize its debts. The company ran into financial troubles due to high commodity prices.
In March 2007, the company initiated an expansion plan by acquiring a new plant in Tampa, partially funding the transaction through a loan from Zions First National Bank. It also upgraded its warehouse by adding freezer and cold storage equipment.
However, declining sales and increases