China Fishery Group Files for Bankruptcy Protection

1 July 2016, at 1:00am

US - China Fishery Group and its owner Pacific Andes have filed for bankruptcy protection in New York.

The companies filed for protection under Chapter 11 of the United States Bankruptcy Code in order to obtain the protection of the United States Bankruptcy Court and therefore protect assets from hostile actions which could harm the company’s value and interests.

A further 15 affiliates of the company also signed.