Small businesses are finding it difficult to survive in today’s economic climate. A Phoenix-based H&T Wholesale Flowers, Inc. filed for bankruptcy. The company filed for bankruptcy after its liabilities far exceeded its assets.
H&T Wholesale Flowers, Inc. Filed for Bankruptcy
According to PacerMonitor, H&T Wholesale Flowers, Inc. filed for Chapter 11 bankruptcy. The company filed for bankruptcy under subchapter V, which is specifically for small businesses. The court warned that the case could be dismissed if H&T Wholesale Flowers fails to submit required documents.
Court records show the company has assets between $100,001 and $500,000, while liabilities range from $1 million to $10 million. This financial shortfall prompted the Chapter 11 filing.
According to these numbers, H&T Wholesale Flowers, Inc. is unable to pay its creditors while paying for operating expenses. The company’s debts have led to it filing for bankruptcy. The Chapter 11 filing allows the company to reorganize its finances and address its debts.
Case Filing and Court Proceedings
H&T Wholesale Flowers filed for bankruptcy on October 8 in Phoenix’s U.S. Bankruptcy Court. The filing shows that the company has been unable to submit some documents. The court has asked the company to submit the necessary documents so that the case is not dismissed.
The company must submit a complete list of creditors by October 29, 2025. A meeting with the creditors is scheduled for November 18, 2025. A reorganization plan needs to be submitted to the court by January 6, 2026.
Once approved, the plan will allow the company to continue operating while repaying its debts.
