On April 2, 2015, Littleford Day, Inc., located in Florence, Kentucky, filed a chapter 11 bankruptcy petition
in Delaware. “[A] recognized leader for the supply of Industrial Mixers, Dryers and Reactors”, according to its website, www.littleford.com
, Littleford has been in business since 1882. The case is docketed as case no. 15-10722 and has been assigned to The Honorable Kevin Gross.
According to the Declaration of J. Garvin Warden
, filed in support of the petition, Littleford has reduced its workforce over the past year from a high of 65 to 27 on the petition date. Mr. Warden notes significant operational costs and a dramatic reduction in orders since the end of 2014: “Despite good faith efforts to reduce costs and enhance revenue, the Company has simply been unable to maintain adequate cash flow to satisfy its mounting obligations.”