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Iconic Lehi Roller Mills Files for Bankruptcy: Utah Bankruptcy Attorney Explains the Process

August 30, 2016

 

You have probably noticed Lehi Roller Mills on the side of the freeway, seen it in the 1984 film “Footloose,” or eaten pancakes, muffins, brownies, or some of their other boxed goodies. Now the company will be known for more than the silos, movie, and  treats as it tries to get its financial troubles in order by filing for bankruptcy.

 

Lehi Roller Mills filed for Chapter 11 bankruptcy in the United States Bankruptcy Court District of Utah.  Chapter 11 bankruptcy is a reorganization where a business establishes a plan to help it pay off its debts over time.

 

The company has had previous financial troubles with not being able to pay their employees. If you are a business owner and are having trouble paying your employees, contact bankruptcy lawyers in Utah to find out if filing for bankruptcy would help your business.

 

The mill will remain in business during the reorganization. However, it will make fewer retail products due to layoffs.

 

A Utah bankruptcy attorney can help you know what type of bankruptcy would be best for you or your company and can help you file for bankruptcy.

 

Bankruptcy lawyers in Utah at Shumway Van & Hansen always offer free consultations and often times can schedule an appointment within a few hours in the case of an emergency.

 

Photo from the Lehi Roller Mills website.

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