Pilgrim's Pride Corp., the nation's largest chicken producer, filed for Chapter 11 bankruptcy protection on Monday, Dec. 1, reported the Associated Press. The Pittsburg, Texas-based company has experienced debt over the last year according to analysts, many of whom predicted the filing.
Ray Atkinson, director of corporate communications, said the company will keep
operating throughout the reorganization process, according to a
Pilgrim's Pride files for Chapter 11
December 1, 2008