(Aug. 15, 2:47 p.m.) With more than $10.6 million in outstanding debts and about $4.9 million in assets, Irwindale, Calif.-based Tanimura Distributing Inc. filed for Chapter 7 bankruptcy.

The business ceased operations shortly before filing for bankruptcy on Aug. 13, said David Golubchik, an attorney with Los Angeles-based Levene, Neale, Bender, Rankin & Brill LLP, which is representing Tanimura Distributing.

According to court documents, Tanimura Distributing was operating at a net loss in excess of $360,000 in January through March of 2008 and had a net loss of nearly $250,000 in 2007.

The company moved from the Los Angeles terminal market in late 2007 to a new 80,000 square-foot facility in Irwindale formerly occupied by FreshPoint Southern California.

Of its debts, $1.39 million is in secured debt owed to Los Angeles-based AgriCap Financial Corp.

Its unsecured debts are owed to about 150 different parties, the largest being $4.2 million in loans to the business by what appears to be family members. Kirby and Yoly Tanimura made up $2.4 million of that, Teri Tanimura was listed at $800,000, Lori Tanimura was owed $500,000 and Cheri Tanimura was owed $500,000.

Other creditors owed in excess of $100,000 were:

  • Apache Produce, Nogales, Ariz. — $173.444.44


  • Baloian Packing Co. Inc., Fresno, Calif. — $150,796


  • Central California Tomato Growers, Merced — $187,228


  • East Coast Broker Packers, Plant City, Fla. — $222,745.78


  • Frank Donio Inc., Hammonton, N.J. — $171,354.15


  • G.W. Palmer & Co. Inc., Alta Loma, Calif. — $201,770.25


  • Gargiulo Inc., Bonita Springs, Fla. — $131,383.50


  • JPM Sales Co. Inc., Nogales, Ariz. — $292,399.60


  • Live Oak Farms, Le Grand, Calif. — $144,140.80


  • Malena Produce Inc., Rio Rico, Ariz. — $159,636.50


  • O.P. Murphy & Sons, Soledad, Calif. — $101,120


  • Oceanside Produce, Oceanside, Calif. — $181,094.80


  • Pacific Tomato Growers, Atlanta, Ga. — $135,193.60


  • Royal Flavor LLC, San Diego — $300,841.50


  • Seacoast Distributing Inc., Dana Point, Calif. — $111,816.80


  • Sunrise Growers Inc., Los Angeles — $126,105.20.
  • The U.S. Bankruptcy Court in the Central District of California set a meeting of creditors for the case, No. 2:08-bk-22644-TD, at 11 a.m. Sept. 10 in Los Angeles. The deadline to file a proof of claim, according to court documents, is December 9, 2008.

    Calls to the company were not answered.