Citrus giant is heading for bankruptcy

According to Karar, the Corona-College Heights Orange and Lemon Association (CCH), one of the world's largest citrus packing plants founded in 1899, has filed for bankruptcy after being unable to withstand the economic crisis. The California-based company was known for its expertise in sourcing and packaging products such as lemons, oranges, and red grapefruit.
Following the economic downturn experienced in recent years, at the extraordinary board meeting held on June 24, 2025, it was decided to file for bankruptcy under Chapter 7 in line with the interests of the company.
Documents filed with the U.S. Bankruptcy Court for the Central District of California on July 7 listed the company's assets at $ 1 million to $10 million and its liabilities at $10 million to $50 million. It also stated that CCH has between 200 and 999 creditors.
The creditors' meeting will be held on August 13.Under Chapter 7 bankruptcy, the company will cease operations and liquidate all assets to pay creditors. This process involves a complete shutdown, unlike Chapter 11 bankruptcy, where companies can continue operating.
The creditors' meeting will be held via Zoom at 8:00 a.m. on August 13, 2025. According to court documents, no payments will be made to unsecured creditors after administrative fees are paid.
ekonomim