Trustee wants Chapter 7 bankruptcy for beef plant | The Daily Republic
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Trustee wants Chapter 7 bankruptcy for beef plant

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A federal trustee asked a judge Tuesday to convert a troubled South Dakota beef processing plant's bankruptcy to a Chapter 7 liquidation.

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Assistant U.S. trustee James Snyder said in a petition that he believes that Northern Beef Packers, which filed for Chapter 11 bankruptcy protection last month, is "administratively insolvent" based on company reports and statements.

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