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Plainville Livestock Kansas files bankruptcy
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StxPecans
Posted 3/19/2019 08:43 (#7388771 - in reply to #7388676)
Subject: RE: Plainville Livestock Kansas files bankruptcy


I just don't understand how they got so far in the hole. Original post states they ran about 100,000 head through the auction in 2 years time. So about 1000 head a week. Seems to me they were moving enough through they should have not had a problem paying their workers unless there were way too many. The artical stated they were 3 million plus behind. Lets say 1.5 million was short from the ammount they recieved in commisions to what they paid their employees. You mean to tell me their had over 1.5 million in unpaid cattle. Just doesnt add up.

Is there a packer up there not paying the bills?
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