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Byline: Jonathan Berke
For a company whose business depends on perishables, Fleming Cos. didn't move too fast on a final debtor-in-possession package.
It wasn't until three weeks after the food wholesaler's April 1 Chapter 11 filing with the U.S. Bankruptcy Court for the District of Delaware in Wilmington that the company disclosed a proposed .
Why the delay?
Among the reasons may have been that there were several moving parts when it came to putting the DIP in place. One of those parts was the protection package Dallas-based Fleming offered to vendors crucial to its continued operations.
In the end, the vendors got a junior lien …