ARKANSAS, USA — Rapid P&P LLC hopes to save money and be out of bankruptcy reorganization quicker by using a bankruptcy procedure that went into effect in February 2020.
The Bentonville packing company filed for Chapter 11 bankruptcy reorganization under the Small Business Reorganization Act.
“It’s designed to be effective and affordable, because there’s just fewer moving parts, and it moves along so swiftly,” said attorney Stanley Bond of Fayetteville, who handles bankruptcy cases and is representing Rapid P&P, which operates as Rapid Prototypes.