Tag Archives: Pacific County Superior Court

Court OKs deal to keep Jessie’s Ilwaco Fish Co. afloat

San Francisco-based Pucci Foods is positioned to take ownership after a ruling by Judge Goelz on Monday, Dec. 6, in Pacific County Superior Court in South Bend.,, With up to 65 employees depending on the time of year, Jessie’s has been one of the largest employers in Pacific County, according to the Washington State Employment Security Department. It was also Ilwaco’s biggest water customer. With the commercial Dungeness crab season looming, many were concerned about the possibility of losing a primary seafood processor ahead of the lucrative fishery and the impact of having fewer places for fishermen to deliver crab and compete for their business. >click to read< 07:57

Jessie’s Ilwaco Fish Co. files for receivership

Receivership is similar to bankruptcy, but is handled under state law. The process is often used when a company is unable to meet its financial obligations. Receiver Christopher Wain was appointed on Feb. 26 by Pacific County Superior Court Judge Donald Richter, according to court documents. Jessie’s is owned by Alber Seafoods, Inc., a California company that also filed for receivership on the same day. Wain specializes in keeping companies running during a receivership, he said when reached Feb. 27., Jessie’s owes about $10.5 million in secured and unsecured debts and has assets with a book value of $7.1 million, >click to read< 09:50