Bankruptcy filing will permanently close Lane elevator; VeraSun at root

November 16, 2011 at 11:22 am in The Daily Republic

LANE A Jerauld County village has lost its grain elevator.
Swenson Bros. Grain is in the process of filing bankruptcy. After a meeting with creditors on Tuesday, the company will likely decide to file a Chapter 7 bankruptcy, which will liquidate assets and permanently close the business, said Bruce Gering of the U.S. Trustee’s Office in Sioux Falls.
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