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Published on 10/11/2022 in the Prospect News Distressed Debt Daily.

Sandy Road Farms secures court approval of sale process for farm

By Sarah Lizee

Olympia, Wash., Oct. 11 – Sandy Road Farms, LLC received court approval of a sale process for its 200,000-plus-head hog farm based in Plains, Kan., according to an order filed with the U.S. Bankruptcy Court for the District of Kansas.

As previously reported, under the sale process, the real property auction will be held on Nov. 7, and the equipment and personal property auction will be conducted on Nov. 8.

The real property auction will be held in a “multi-parcel” format so that the property will be divided into smaller tracts that can be bid on individually or in any combination.

“This motion is being filed under exigent circumstances,” the company had said in its motion.

“Debtor has ceased operations, liquidated its herd, and seeks to wind down its remaining affairs as soon as possible.”

The company said it isn’t able to pay its “numerous and substantial” debts, and it doesn’t have a viable path for a reorganization or sale of its operating enterprise.

The Plains, Kan.-based agricultural company filed Chapter 11 bankruptcy on Aug. 1 under case number 22-40446.


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