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Agriprocessors Files Bankruptcy
Posted 06 November 2008
Postville's kosher slaughterhouse Agriprocessors has filed for bankruptcy this week, blaming the May immigration raid for its financial difficulties.

The move to file for Chapter 11 bankruptcy protection on Tuesday, Nov. 4, came a day before Agriprocessors was to meet in court with its biggest lender, First Bank of St. Louis.

The bank is seeking to foreclose on the plant in Postville and appoint a third party to oversee Agriprocessors’ assets.

The bankruptcy filing reports Agriprocessors owes $50 million to $100 million to creditors.

The plant was the site of a May 12 immigration raid in which 389 people were arrested.



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