Mealey's Bankruptcy - 'Pink Slime' Maker May Not Recover $93,575.03 Under Bankruptcy Code, Creditor Says

Mealey's Bankruptcy - 'Pink Slime' Maker May Not Recover $93,575.03 Under Bankruptcy Code, Creditor Says

WILMINGTON, Del. - A creditor in the Chapter 11 bankruptcy of AFA Investment Inc., the maker of the "pink slime" that is added to some ground beef, on May 7 filed an answer in the U.S. Bankruptcy Court for the District of Delaware contending that AFA is not entitled to recover $93,575.03 that it alleges was fraudulently transferred prior to the bankruptcy filing (AFA Investment Inc. v. Marten Transport Services Ltd. [In Re: AFA Investment Inc.], No. 12-11127, Chapter 11, D. Del. Bkcy.).

Find full version on lexis Advance®
Access this news story on lexis.com®