, ▁ 2 0 0 8 ▁Ag ri processor ▁file d ▁for ▁Chapter ▁ 1 1 ▁bank rupt cy . ▁Fact ors ▁c ited ▁included ▁a ▁loss ▁of ▁most ▁of ▁the ▁work force ▁due ▁to ▁the ▁May ▁ 2 0 0 8 ▁imm igration ▁ra id , ▁decl ining ▁demand ▁for ▁the ▁firm ' s ▁products , ▁and ▁increased ▁costs ▁in ▁the ▁after math ▁of ▁the ▁ra id . ▁The ▁Associ ated ▁Press ▁reported ▁that ▁“ Ag ri process ors ▁in ▁its ▁bank rupt cy ▁fil ing ▁said ▁the ▁company ▁ow ed ▁$ 5 0 ▁million ▁to ▁$ 1 0 0 ▁million ▁to ▁credit ors . ▁The ▁move ▁appears ▁to ▁be ▁an ▁effort ▁to ▁pre - empt ▁forec los ure ▁by ▁a ▁St . ▁Louis ▁bank , ▁which ▁su ed ▁Ag ri process ors ▁for ▁default ing ▁on ▁a ▁$ 3 5 ▁million ▁loan ”. ▁ ▁In ▁December , ▁the ▁bank rupt cy ▁court ▁approved ▁a ▁$ 2 . 5 ▁million ▁loan ▁for ▁Ag ri process ors ▁to ▁allow ▁it ▁to ▁res ume ▁p oul try ▁processing ▁through ▁at ▁least ▁January ▁ 9 , ▁ 2 0 0 9 ▁( about ▁ 7 5 0 , 0 0 0 ▁ch ick ens ). ▁The ▁company ▁was ▁run ▁by ▁Chapter ▁ 1 1 ▁bank rupt cy ▁trust ee ▁Joseph ▁E . ▁Sar ach ek ▁of ▁Tri ax ▁Capital ▁Ad vis ors . ▁ ▁Ag ri processor ' s ▁problems ▁led ▁to ▁a ▁short age ▁of ▁k os her ▁meat ▁and ▁higher ▁prices ▁nation wide