$1M
Chapter 7 Bankruptcy (Business)
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Case Details
A Community Supported Agriculture farm, in operation for 61 years, filed for Chapter 7 bankruptcy due to financial problems from crop damage. Liabilities were between $1 million and $10 million, with assets between $500,001 and $1 million, and 200-999 creditors.
Additional Notes
Farm closed in December 2012, dismissing over 50 employees. Owner stated family would continue farming.