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Del Monte Foods Corporation has filed for Chapter 11 bankruptcy, listing liabilities exceeding $1 billion and over 10,000 creditors, making it one of the largest food shipper bankruptcies in recent years. Uber Freight, listed as Transplace in the bankruptcy filing, is the second-largest unsecured creditor owed over $9 million for its services. The case highlights challenges for logistics providers in securing repayment amid uncertainty, although they may negotiate payment for post-filing services.
Source: YAHOO