The Plitt Co., Inland Seafood, Sysco Corp. and U.S. Foodservice are among the seafood suppliers listed as creditors in a document the Oceanaire Seafood Room filed in U.S. Bankruptcy Court in Dallas on Sunday.
The Minneapolis-based company, which seeks Chapter 11 bankruptcy protection, owes Plitt more than USD 89,000 (EUR 63,800). In late May, the Chicago-based seafood distributor was placed into receivership by its primary lender, American Chartered Bank, which is actively trying to sell the company.
Sysco’s facilities in Houston, Cincinnati and Miami are collectively owed more than USD 137,000 (EUR 98,300), while U.S. Foodservice’s facilities in Minneapolis, Indianapolis, Orlando, Fla., and Pasadena, Calif., are collectively owed just more than USD 81,000 (EUR 58,100).
Inland Seafood of Atlanta is owed nearly USD 22,000 (EUR 15,800), while Coastal Seafoods of Minneapolis and Santa Monica Seafood of Rancho Dominguez, Calif., are owed more than USD 20,000 (EUR 14,300) and USD 18,000 (EUR 12,900), respectively.
The remainder of the 40 largest creditors listed in the document are real estate firms.
As part of its restructuring efforts, the upscale seafood chain closed its locations in Cincinnati, Philadelphia, Seattle and Charlotte, N.C., leaving a total of a dozen restaurants nationwide.
“The strategic direction that Oceanaire has chosen to take will help establish a firm financial base and allow us to implement the operational initiatives necessary to build a stronger and more competitive company,” said Oceanaire CEO Terry Ryan in a prepared statement.
