Euroamerican Propagators files for bankruptcy

Euroamerican Propagators in Bonsall, Calif., filed for Chapter 7 bankruptcy in the Southern District of California U.S. Bankruptcy Court on Jan. 23, 2017. Chapter 7 bankruptcy “provides for ‘liquidation’ — the sale of a debtor’s nonexempt property and the distribution of the proceeds to creditors.” After the filing, the company released the following statement: “At this time we would like to say, thank you. We have appreciated all of our customers business over the past 26 years. We have received an outpouring of understanding and hopeful comments from many of our customers. We understand that this is not ideal and we apologize for any inconvenience this may cause. We are concerned for our employees, suppliers, growers and all those we have affected at this time. Unfortunately this was the only option for EuroAmerican Propagators. We hope for the best.”