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Beef Company Bankruptcy Filing Makes Us Thankful for Turkey Leftovers

Beef Company Bankruptcy Filing Makes Us Thankful for Turkey Leftovers

Thanksgiving came at the perfect time for Topps Beef. Two months after the second-largest beef recall in history (over 21 million pounds), the company filed for bankruptcy protection in New Jersey last week; any other time and the news would have been bigger. In the filing, Topps listed assets and debts totaling nearly $100 million each, and over 10,000 creditors lining up for what's theirs, including high-ranking executives at Topps. Seeing as how the recall... more ›

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