Belle Foods files for bankruptcy

Birmingham-based Belle Foods filed for Chapter 11 bankruptcy protection.{} The company said it is{}struggling to pay debt with revenue from its 57 stores in Alabama, Georgia, Florida and Mississippi.{}{}

You'll remember, the company bought{}several Bruno's and Food World stores in the Birmingham area just over a year ago from Southern Family markets.

Company leaders{}said{}several factors led to the decision to file for bankruptcy protection.{} Those include a decline in business, technical issues with its accounting system and issues with its lending structure and relationship.

According to its website, Belle Foods was named Southeast Retailer of the Year in November 2012 by The Griffin Report of Food Marketing.