Grower’s Organic LLC, doing business as GO Transportation, has filed for chapter 11 bankruptcy, ThePacker.com reported on Friday. The Denver-based distributor reported assets of less than $50,000 and debts of $1 million to $10 million in the Aug. 28 bankruptcy petition. Co-founder and managing member Brian Freeman said in court documents that many of the company’s creditors are covered by the Perishable Agricultural Commodities Act. Of the top 20 creditors, at least nine are organic produce growers or shippers. The total owed to those 20 creditors holding the largest unsecured claims is more than $473,000. Freeman has temporary permission to use cash collateral to pay employees, according to a Sept. 3 order from U.S. Bankruptcy Judge Elizabeth Brown. She set a final hearing on the cash collateral for Sept. 16.
