Bankruptcy protection was rejected by the court, and the largest U.S. shrimp farming company resumes normal operations.

In January of this year, AMI filed for Chapter 11 bankruptcy protection in Florida, USA, with debts ranging between $10 million and $50 million, including $155,000 in taxes owed to the IRS, attorney fees, feed mill invoices, freight agent payments, and loans from various financial institutions. AMI also owes $482,000 to Xiamen Qingtian Food Company in China and $369,000 to CPF USA, a subsidiary of Thailand's Charoen Pokphand Foods. On July 15, the U.S. Bankruptcy Court for the Middle District of Florida dismissed AMI's bankruptcy petition because AMI failed to submit necessary insurance policies, monthly operating reports, financial loss reports, and unpaid quarterly fee reports. The dismissal of the bankruptcy protection means creditors can reinitiate claims. AMI's founder and CEO Robin Peral, the company's largest guarantor with a $1.94 million guarantee, stated in an interview with UCN: "The Chapter 11 bankruptcy has been dismissed, and now we are back to normal. I am working hard every day and am very excited about what is going to happen next." At the end of 2024, AMI went through a difficult period of turmoil, ultimately leading to bankruptcy. The AMI board dismissed Peral from his position, but after filing for bankruptcy in January, Peral regained leadership of the company. Peral stated that the current focus is on daily business operations, restoring production capacity, and advancing new projects, including promoting high-quality genetic shrimp products to global markets and producing shrimp products that meet food standards for U.S. consumers.

In January of this year, AMI filed for Chapter 11 bankruptcy protection in Florida, USA, with debts ranging from $10 million to $50 million, including $155,000 in taxes owed to the IRS, attorney fees, feed mill invoices, freight agent payments, and loans from various other financial institutions. AMI also owes $482,000 to China's Xiamen Qingtian Food Company and $369,000 to CPF USA, a subsidiary of Thailand's Charoen Pokphand Foods. On July 15, the U.S. Bankruptcy Court for the Middle District of Florida dismissed AMI's bankruptcy petition because AMI failed to submit necessary insurance policies, monthly operating reports, financial loss reports, and unpaid quarterly fee reports. The dismissal of the bankruptcy protection means that creditors can now reinitiate their claims. AMI's founder and CEO Robin Peral, the company's largest guarantor with a $1.94 million guarantee, stated in an interview with UCN, "The Chapter 11 bankruptcy has been dismissed, and now we are back to ...