UNITED STATES-THE WORLDSS LARGEST KOSHER ABATTOIR.
Bank of the West, one of the creditors in the bankruptcy filing of Agriprocessors Inc., filed several motions in bankruptcy court on Thursday seeking overdue payments on equipment leases or, failing that, permission to take possession of the equipment.
Bank of the West, California’s fifth-largest banking institution, notes in the court filings that the meatpacker is in default on five leases for equipment such as chillers, deboners, broilers, separators, compressors, scales and packaging equipment. The aggregate amount of the delinquency on all five leases is just over $133,500.
The filing notes that the bankruptcy trustee has "not offered or provided the bank with adequate protection pertaining to the equipment leases" and that monthly payments have been suspended, but that the equipment continues to be used by Agriprocessors. The bank seeks to have the court compel payment on the leases by the trustee, or permission to exercise its right to repossess the equipment.
The bank also makes clear that, in the case of a sale of the company, its assets should not include the equipment in question without the bank’s consent and back payment on the leases.
