Jason Klinowski Quoted in “AndNowUKnow’s” Recent Article on Pro’s Ranch Markets Bankruptcy

anuk-reg-logoOn May 30, 2013, Eric Anderson of AndNowUKnow published an article discussing the Pro’s Ranch Markets bankruptcy case.

Here is a link to Eric’s article: Pro’s Ranch Markets Files for Bankruptcy with an Anticipated $7,229.773 in PACA Claims.  The article noted that “documents filed with the court note that the company has currently estimated current assets to be between $0 to $50,000 and has estimated liabilities to potentially reach $50 million.”

Quoting Jason, Eric’s article commented upon the Debtor’s asset to debt ratio and warned that:

 “If the Debtor’s Voluntary Petition accurately reflects the amount of assets in the Debtor’s estate, the PACA creditors would be well advised to quickly object to the Debtor’s use of cash collateral and to start working to identify alternative sources of recovery,” Attorney at Freeborn & Peters LLP,Jason Klinowski, tells AndNowUKnow. “These alternative recovery sources could include the Debtor’s bank, the principals of the Debtor, etc.”