Carolina Tomato shuts doors, owes millions
Carolina Tomato shuts doors, owes millions
Carolina Tomato Inc. in Columbia, SC, has ceased operations and owes its creditors as much as $15 million. The firm's attorney, O. Max Gardner III, sent a letter dated Jan. 23 to many of the firm's produce creditors asking that they do not take legal action and instead consider a yet-to-be determined settlement offer. In his letter, Mr. Gardner said that he expects to have a disclosure ready in 10 days, which is expected to detail assets and debts. Mr. Gardner said that there was potentially $6 million of debt that would be forgiven by two different creditors if the other creditors would agree