SOUTH AMERICAN BEEF, INC Bankruptcy Filing
Case Number: 22-01341
SOUTH AMERICAN BEEF, INC filed a 11 chapter bankruptcy in the Southern District of Iowa bankruptcy court on December 13, 2022. This is a voluntary filing; it was assigned the bankruptcy case number #22-01341.
SOUTH AMERICAN BEEF, INC Filing Information
The bankruptcy petition for SOUTH AMERICAN BEEF, INC showed assets in the range of $10MM - $50MM with liabilities in the range of $10MM - $50MM. SOUTH AMERICAN BEEF, INC reports that the number of creditors is in the range of 50-99.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
SOUTH AMERICAN BEEF, INC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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SOUTH AMERICAN BEEF, INC Docket Header
Assigned to: Anita L Shodeen Chapter 11 Voluntary Asset |
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| Debtor South American Beef, Inc c/o Moglia Advisors, CRO 1325 Remington Road Suite H Schaumburg, IL 60173 DALLAS-IA Tax ID / EIN: 42-1494191 dba Prairie Natural Meats & Premium Seafood |
rep. by |
Jeffrey Douglas Goetz
801 Grand Avenue Suite 3700 Des Moines, IA 50309-8004 (515) 246-5817 Fax : (515) 246-5808 Email: jgoetz @ dickinsonbradshaw.com Tirzah R Roussell The Davis Brown Tower 215 10th Street Suite 1300 Des Moines, IA 50309-8004 (515) 246-7984 Email: Tirzah.Roussell @ dentons.com TERMINATED: 12/22/2022 |
| U.S. Trustee United States Trustee Federal Bldg, Room 793 210 Walnut Street Des Moines, IA 50309 (515) 284-4982 |
rep. by |
L Ashley Wieck
210 Walnut Street Room 793 Des Moines, IA 50309 (515) 323-2269 Email: ashley.wieck @ usdoj.gov |
| Cred. Comm. Chair Scotlynn USA Division, Inc. c/o Kevin Kollker Corporate Headquarters 9597 Gulf Research Lane Fort Myers, FL 33912 |
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| Creditor Committee Official Committee of Unsecured Creditors |
rep. by | Heidi M Hockberger
120 S Riverside Plaza Ste 1800 Chicago, IL 60606 (312) 346-8380 Fax : (312) 346-8434 Email: hhockberger @ lplegal.com Tara Holterhaus 13815 FNB Parkway Suite 200 Omaha, NE 68154 (402) 501-6770 Email: tholterhaus @ spencerfane.com Elizabeth M Lally 12020 Shamrock Plaza Suite 200 Omaha, NE 68154 (402) 778-4840 Email: elally @ lally-legal.com John R O'Connor 120 S Riverside Plaza Ste 1800 Chicago, IL 60606 (312) 346-8380 Email: joconnor @ lplegal.com Elizabeth B Vandesteeg 120 S Riverside Plaza Ste 1800 Chicago, IL 60606 (312) 476-7650 Email: evandesteeg @ lplegal.com |