Southern Produce to offer restructuring plan

03/25/2004 12:00:00 AM
Jim Offner

If the bankruptcy judge, J. Rich Leonard, approves the plan, then creditors could collect on the proceeds from the pending sale of Southern’s assets, Koestner said.

Miller said he could not predict when the company would emerge from bankruptcy.

“It’s gonna take awhile,” he said. “We didn’t get where we were in a matter of months, and it will take some time to come out of it.”

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