Missing Records Slow Hunt For Agriprocessors Money

POSTVILLE, Iowa (AP) — Missing records are slowing efforts to recover money that could be redistributed among creditors listed by Agriprocessors Inc. The meatpacking company filed bankruptcy in November 2008 after a massive immigration raid at its Postville plant. According to The Gazette of Cedar Rapids, the bankruptcy case could continue another two years.

POSTVILLE, Iowa (AP) — Missing records are slowing efforts to recover money that could be redistributed among creditors listed by Agriprocessors Inc.

The meatpacking company filed bankruptcy in November 2008 after a massive immigration raid at its Postville plant.

According to The Gazette of Cedar Rapids, the bankruptcy case could continue another two years.

Nearly 130 lawsuits were filed last fall against companies, organizations and individuals.

Dan Childers is the attorney for the bankruptcy trustee. He says most of the defendants won't have any obligation. But the trustee has an obligation to recover any cash or assets distributed as the company headed toward bankruptcy.

Agriprocessors Vice President Sholom Rubashkin was convicted of fraud. The case included evidence that the company had phony records so it could hide improper transactions.
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Information from: The Gazette, http://www.gazetteonline.com/

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