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Del Monte, the canned food aisle staple, files for bankruptcy (www.fox29.com)

posted 353 days ago by Jscholl17 353 days ago by Jscholl17 +128 / -0

Del Monte, the canned food aisle staple, files for bankruptcy

Del Monte Foods, the 135-year-old company known for canned goods, is joining the list of major retailers filing for Chapter 11 bankruptcy.

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– Tynyyn 39 points 352 days ago +39 / -0

Chapter 11 is reorganization. They are probably restructuring some of their debt and selling off bad assets. Chapter 7 would be when they shut their doors for good.

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