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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.

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Making headlines this week

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A look at some of this week's biggest stories and the headlines you may have missed.

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South Dakota Democrats Talk Medicaid Expansion

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Medicaid expansion continues to be on the South Dakota legislative agenda.

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House Education Committee Repeals Foundation Funding

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The South Dakota House Education Committee voted to repeal the foundation funding legislation.

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Lots Of Lobbying On Gas Tax Proposal

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One Iowa State Senator says the lobbying has been intense as the legislature prepares to take up a proposal to increase the state gas tax.

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Sioux Falls Flood Map Discussed

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South Dakota’s Congressional delegation met with the Federal Emergency Management Agency this week to talk about new flood maps for the City of Sioux Falls.