Local

Northern Beef Packers Attorney Working On Reorganization Plan

An Aberdeen, South Dakota Attorney representing Northern Beef Packers says he’s working on a reorganization plan that could be finalized soon. Rory King says it’s called a debtor in possession financing proposal that if approved by the court will allow them to reorganize.

King says they’ll have a better chance of re organizing if the Judge rules against a Trustee’s motion to move Northern Beef from Chapter 11 bankruptcy status to Chapter 7.

King says even if the court rules against the re organization, the plant likely will be sold as there is interest from potential buyers.

Northern Beef Packers currently lists its liabilities at just under $ 139 million.

Recent Headlines

in National

Making headlines this week

Fresh
AP703639293459_11

A look back on this week's biggest stories and the headlines you may have missed.

in Local

Bill Approved to Address Elderly Abuse

state capitol pierre

The South Dakota House State Affairs Committee approved a bill (Friday) that would set up an elder abuse task force in the state.

in Agriculture

Farm Bill Deadline Today

farming1

Today is the deadline for farmers to make some key decisions governing their operations under the new farm bill.

in Agriculture

Fast Food Companies Support RFS Repeal

CornDry

Representatives of White Castle, Wendy’s And Arby’s Fast Food companies are urging support for legislation to repeal the Renewable Fuel Standard.

in Agriculture

Trans Canada Temporarily Loses Eminent Domain

Keystone XL

The York County Nebraska District Court has issued a temporary injunction against Trans Canada which disallows their use of eminent domain.