October 28, 2015 — A New Bedford seafood company filed yesterday under chapter 11 of the bankruptcy code, listing assets of $709,000 and liabilities of $2.9 million.
Chapter 11 usually indicates a company is trying to reorganize and stay in business.
Top Quality Seafood & Shellfish LLC listed its biggest unsecured creditor as Atlantic Capes Fisheries of Cape May, New Jersey, owed $2.06 million. The filing attributes the debt to a “civil judgment.” The biggest Boston creditor listed is Red’s Best, owed $15,643.