Pilgrim's Pride files for Chapter 11 bankruptcy protection

Dec. 1, 2008
Pilgrim's Pride filed for bankruptcy protection on December 1, 2008.

ChicagoTribune.com recently reported that chicken producer, Pilgrim's Pride, has filed for Chapter 11 bankruptcy protection.

According to the article, "The Pittsburg, Texas-based company sought the bankruptcy protection in a filing with the U.S. Bankruptcy Court for the Northern District of Texas on Monday, saying that as of Sept. 27 it had $3.75 billion in assets and $2.72 billion in debts."

To read the entire article, click on the ChicagoTribune's report.

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