Embattled kosher meatpacker Agriprocessors on Tuesday filed for Chapter 11 bankruptcy protection, one day before the Postville, Iowa-based processor was due to meet in federal court with its largest lender, First Bank of St. Louis.

The bankruptcy filing stated Agriprocessors owes between $50 million and $100 million to creditors including staffing firm Jacobson Staffing and electricity supplier Alliant Energy. The meatpacker's assets are estimated at between $100 million and $500 million.

First Bank is looking to foreclose on the Agriprocessors plant and name a third party to oversee the processor's assets. Agriprocessors CEO Bernard Feldman said earlier this week that he was in talks with investors interested in buying at least a share of the company.

Follow-up ICE raid

Meanwhile, Immigration and Customs Enforcement officials were again in Postville on Tuesday and arrested one suspected illegal immigrant at the Agriprocessors plant. ICE declined to identify the man.

The action was a follow-up to the massive May ICE raid that led to almost 400 arrests.

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