Santa Maria farmer files Chapter 7 amid legal battle with bank
IN THIS ARTICLE
- Agribusiness Topic
- Marissa Wenzke Author
By Marissa Wenzke Friday, August 1st, 2014
A Santa Maria produce broker and farmer has filed for Chapter 7 bankruptcy with about $1 million in assets and $9 million in liabilities as his family companies sue the region’s largest bank on allegations that it failed to come through on millions of dollars in promised loans.