Belle Foods Files for Chapter 11 Bankruptcy

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BIRMINGHAM, Ala. (AP) -- Birmingham-based Belle Foods has filed for Chapter 11 bankruptcy protection, saying the company is struggling to pay debt with revenue from its 57 stores throughout the Southeast.

Reports say the company, which used to run Bruno's and Food World stores in the Birmingham area, filed for bankruptcy Monday.

In April, the company announced plans to hire 300 part-time workers at its stores in Alabama, Georgia, Florida and Mississippi.

Company officials say a decline in business, technical issues with its accounting system and issues with its lending structure and relationship all factored into the decision to file for bankruptcy.

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