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Sandy Road Farms seeks conversion of Chapter 11 bankruptcy case
By Sarah Lizee
Olympia, Wash., April 1 – Sandy Road Farms, LLC is seeking conversion of its Chapter 11 bankruptcy case to Chapter 7, according to a motion filed Friday with the U.S. Bankruptcy Court for the District of Kansas.
The company said there is little, if any, benefit for the debtor to remain in Chapter 11.
The residual assets of the estate can be liquidated in Chapter 7, including the prosecution and disposition of avoidance claims, Sandy Road Farms said.
The company said most of the avoidance claims involve potential preferences arising out of transfers to third-party suppliers and vendors.
The Plains, Kan.-based agricultural company filed Chapter 11 bankruptcy on Aug. 1, 2022 under case number 22-40446.
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