LITTLE ROCK, Ark. -- Harvest Foods here made history when it breezed through the court portion of a prepackaged Chapter 11 in only 16 days. According to Ken Branch, chief financial officer of the 54-unit chain, "Harvest's edge in completing its financial reorganization was that we got agreement from the banks first before we went to the bondholders." As a result, the company's prepackaged Chapter 11 took 85 days from its inception in October until its completion on Dec. 19, including only 16 ...
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