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.