You are here
TULSA, Okla. - Hale-Halsell Co., the parent company of Git-n-Go Inc., filed for Chapter 11 reorganization Monday in U.S. Bankruptcy Court in Tulsa. The 101-year-old food distributor and retailer claimed estimated debts of more than $32 million and assets of about $49 million, according to The Associated Press.
The bankruptcy came after utilities threatened to cut service, attorney Scott Kirtley said. It's a reorganization, but liquidation is also possible, he said.
"Hale-Halsell will try its hardest to reorganize under court protection so that, if possible, all creditors can be repaid as much as possible," company treasurer Mike Owens said in a statement Tuesday.
Troubles began for Hale-Halsell in January when Lubbock, Texas-based United Supermarkets stopped buying groceries from the company. Hale-Halsell has subsequently laid off more than 300 of its warehouse workers, according to the AP.
Git-n-Go filed for Chapter 11 bankruptcy in late January. The convenience store chain has closed 38 of its 115 stores in Oklahoma and Missouri.
Another Hale-Halsell subsidiary, 4-Front Petroleum, filed a Chapter 7 bankruptcy liquidation in late February. It's the gasoline-buying arm for the convenience stores.
Also, Hale-Halsell unit Foodland Inc. has been selling its ten Super H grocery stores in Oklahoma.
Further, about 150 former Hale-Halsell employees have filed a federal lawsuit against the company claiming it did not follow legal procedure in letting go its workers, paychecks bounced and vacation time was not honored, according to the AP.