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    Bulgarian frozen fries maker Royal Potatoes has filed for insolvency, according to trade registry data.The bankruptcy procedure was opened by the Sofia District Court on January 6 2011.

    In early February, Royal Potatoes' creditors proposed to name Alexander Kostadinov a receiver for the company, with the appointment entering into force on February 18.

    The creditors are now allowed to file claims against the company over their debts and to prepare a list of its lenders, which should be approved by the court.

    Royal Potatoes has been insolvent since January 2009, according to the court in Sofia.
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