Turner apple grower bankrupt
Cooper Brothers LLC, an apple grower and wholesale apple distributor in Turner, filed for Chapter 11 bankruptcy this week.
The company owes its secured and unsecured creditors roughly $4 million, while its assets stand at $673,000, according to its bankruptcy filings. Its largest Maine creditors include Northeast Bank, which is owed $1.4 million; Farm Credit of Maine in Auburn, which is owed nearly $540,000; and Apple Mountain LLC in Wales, which is owed $316,000.
Two affiliated companies, Cooper Packing Inc. and K.W. Cooper & Sons LLC, a real estate and equipment holding company, filed for bankruptcy the same day. K.W. Cooper & Sons lists liabilities of $62,000, while Cooper Packing lists no assets or liabilities.
A meeting of creditors has been scheduled for July 21.
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