Florida-based hydroponic lettuce grower Martins Food Technology, LLC, has filed for bankruptcy. The company filed under Chapter 11 Subchapter V, a small-business reorganization option. Financial struggles, including a major gap between assets and liabilities, prompted the bankruptcy filing.
Martins Food Technology, LLC, Filed for Bankruptcy
Florida-based agriculture company Martins Food Technology, LLC, has filed a bankruptcy petition. The petition was filed on November 5, 2025, at the U.S. Bankruptcy Court, Middle District of Florida. The company operates as Naples Fresh and is a hydroponic lettuce-growing business.
The company filed for bankruptcy due to several financial factors. Its significant imbalance in assets and liabilities is among the reasons. High operational costs have further strained the company’s finances. The filing lists the packaging inventory at $0, highlighting potential challenges in product sales.
The existing financial strain is also caused by the loans taken during COVID-19 to sustain the business. The Chapter 11 filing allows Martins Food Technology to keep operating while restructuring its debts.
Case Filing and Court Proceedings
The case filing shows that the company has assets between $500,000 and $1 million, while the liabilities are between $1 million and $10 million. It has filed for Chapter 11 Subchapter V bankruptcy. It is for small business reorganization, which is suitable for the company.
Through this, the company will be able to continue business while continuing the bankruptcy proceedings. Here’s a summary of the bankruptcy:
- Court: U.S. Bankruptcy Court, Middle District of Florida
- Case Number: 2:25-bk-02199
- Filing Date: November 5, 2025
- Chapter: 11, Subchapter V
- Judge: NA
- Status: Active, voluntary petition
Their lawyer, Michael R. Dal Lago, made the filing, but not all of the financial paperwork has been filed. The company has submitted a list of its 20 largest unsecured creditors and a certificate approving the bankruptcy filing. Now, they must submit a reorganization plan by February 3, 2026.
