Corpus Christi Kane Beef Processors Files for Chapter 11 Bankruptcy to Implement Sale
In order to facilitate the ongoing sales process of the assets of Sam Kane Beef Processors, LLC ("Sam Kane"), and to assure the fair treatment of our creditors and employees, the Receiver has, in accordance with the powers provided to him by the Receivership Order, decided to place Sam Kane under the protection of the U.S. Bankruptcy Court by filing Chapter 11.
Under these circumstances, the Receiver made the determination that bankruptcy is the best implementation method to assure a speedy sale and transfer ...
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