The Associated Press
ATLANTA (AP) - The peanut processing company at the heart of a national salmonella outbreak has filed for bankruptcy.
The Virginia-based Peanut Corp. of America filed Friday for Chapter 7 bankruptcy protection in bankruptcy court in Lynchburg, Va. The company's attorney, Andrew Goldstein, says the filing was "regrettable" but inevitable.
The company said in the filing that its debt and assets both ranged between $1 million and $10 million.