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Postville, IA - Bank Suing Rubashkins for $300,000 Unpaid Loan |
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Postville, IA - Former Agriprocessors Vice-President Sholom Rubashkin, his father and brother are being sued by Omni National Bank for a $300,000 unpaid loan they made in 2007.
The lawsuit, filed at the end of last week in U.S. District Court, claims Sholom, Tzvi and Aaron Rubashkin made the loan in 2007 on behalf of Nevel Properties and it was to be paid off in monthly installments. Sholom, Tzvi and Aaron Rubashkin each pledged their assets as security for the debt of Nevel Properties, according to the lawsuit.
According to the loan agreement, upon default, Omni can declare the principal sum with the accrued interest is due and payable at once, according to the suit. Omni exercised this option on Nov. 26, 2008 and claimed $332,173 was due.
The debt wasn’t pay and the Omni is asking for the Rubashkins to pay $332,173 with interest from and after Nov. 10, 2008.
Agriprocessors filed for bankruptcy in November, almost six months after federal immigration agents raided the Postville meatpacking plant and arrested 389 workers. A bankruptcy trustee this week proposed a deal to sell the company for $8.5 million.
SHF, a new company formed by Montreal businessman Heshey Friedman and two associates, has agreed to pay the $8.5 million to two of Agriprocessors’ largest secured creditors — First Bank Business Capital of St. Louis and the credit arm of Metropolitan Life Insurance.
The sale price is so much less than the company owes its creditors that the more than 400 unsecured creditors may land up empty-handed. Creditors with a security interest in plant equipment will have to negotiate the best deal they can with buyer SHF Industries Inc.
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Read Comments (22) — Post Yours »
1
Jun 27, 2009 at 10:14 PM Anonymous Says:
ICE should pay it. They are responsible for this mess.
2
Jun 27, 2009 at 10:57 PM Anonymous Says:
“ ICE should pay it. They are responsible for this mess. ”
You don't know how true your statement is.
End of story: Rubashkins sue federal government and win.
3
Jun 28, 2009 at 07:03 AM HaHa Classic Says:
I don't think I can have any sympathy for a company pathetic enough to make a loan
to an outfit calling itself "Nevel Properties." They've ***** in Nevel, and now they get to go and ***** in Yam.
4
Jun 28, 2009 at 07:40 AM Avrohom Abba Says:
The Potsville Township should sue itself for allowing its own town to collapse, because they were so interested in getting the Jews out, they forgot that it was a self destructive move.
Sue, sue, sue, ....but you're going down Potsville, because of your hatred.
5
Jun 28, 2009 at 06:09 AM Anonymous Says:
They owe the money. They signed personally for it. They should observe halacha, finally be menchen and pay it.
The Springfied Group is selling all the Rubashkin meat. They were funded by Rubashkin to hide assets. They should just give the money back, Then, Rubashkin should pay his shochtim and mashgichim all the money that it owed to them.
6
Jun 28, 2009 at 04:50 AM kal Says:
funny,how these naysayers are so quick to judge,yet havent the guts to even identify themselves,but stand behind the cowardly misnomer anonymous.
7
Jun 28, 2009 at 07:55 AM Says:
You people that are drinking the koolaid had better think again what you are saying. Madoff was bad because he cheated Jews. Rubashkin was good because he cheated non-Jews, but gave the money to Jews.
.
A theif is a theif no matter who he cheats. Isn't that what your bible says?
8
Jun 28, 2009 at 08:14 AM Milhouse Says:
“ You people that are drinking the koolaid had better think again what you are saying. Madoff was bad because he cheated Jews. Rubashkin was good because he cheated non-Jews, but gave the money to Jews.
.
A theif is a theif no matter who he cheats. Isn't that what your bible says? ”
"Your" bible? If it's not your bible -- and talmud and shulchan aruch -- too, you have no business here.
9
Jun 28, 2009 at 08:29 AM Milhouse Says:
“ You people that are drinking the koolaid had better think again what you are saying. Madoff was bad because he cheated Jews. Rubashkin was good because he cheated non-Jews, but gave the money to Jews.
.
A theif is a theif no matter who he cheats. Isn't that what your bible says? ”
This article makes no sense. If the Rubashkins made the loan, how can they be sued for it??? If anything they should be suing the borrower! At first I thought this was written by some cheder yingle who has the excuse of never having been taught English. But now I see it comes from an Iowa newspaper, and I have to wonder what sort of credibility a so-called "journalist" can have, if simple English is beyond her grasp.
"According to the loan agreement, upon default, Omni can declare the principal sum with the accrued interest is due and payable at once, according to the suit." What an atrocious sentence! Almost a work of art in its atrocity. But Ms Mehaffey is just warming up. "The debt wasn’t pay and the Omni is asking for the Rubashkins to pay $332,173 with interest from and after Nov. 10, 2008. " This sentence might almost pass for a VIN comment! I've been assuming that our more illiterate commenters were Villiamsboorgers who never learned English, but perhaps I've been wrong; perhaps they're really multi-generation Irish-American journalists.
10
Jun 28, 2009 at 09:25 AM Anonymous Says:
rubushkin helped many peaple in need my Hashem help them
11
Jun 28, 2009 at 11:36 AM Anonymous Says:
“ funny,how these naysayers are so quick to judge,yet havent the guts to even identify themselves,but stand behind the cowardly misnomer anonymous.
”
Like 'kal', whoever that is. I can say anthing, even use the name 'kal' as an identifier. You are as anonymous as anyone else, like Milhouse
12
Jun 28, 2009 at 11:40 AM Anonymous Says:
“ "Your" bible? If it's not your bible -- and talmud and shulchan aruch -- too, you have no business here. ”
I might not be Jewish, but I can comment on the stupidity of the Rubashkins anytime. Don't you comment of the gentiles?
Who do you think has had to pick up the pieces of broken gentile lives that Rubashkin broke? The church or Lubavitch??
13
Jun 28, 2009 at 11:37 AM Anonymous Says:
“ rubushkin helped many peaple in need my Hashem help them ”
So has Madoff. So has Moshe Finkel. What is your point? He can aveiros and then give tzedaka and his slate is wiped clean?
14
Jun 28, 2009 at 01:54 PM Milhouse Says:
“ I might not be Jewish, but I can comment on the stupidity of the Rubashkins anytime. Don't you comment of the gentiles?
Who do you think has had to pick up the pieces of broken gentile lives that Rubashkin broke? The church or Lubavitch?? ”
Feel free to comment as much as you like. Elsewhere.
15
Jun 28, 2009 at 01:53 PM Milhouse Says:
“ Like 'kal', whoever that is. I can say anthing, even use the name 'kal' as an identifier. You are as anonymous as anyone else, like Milhouse ”
You contradict yourself, by calling me anonymous and yet referring to me by name. I think you need a refresher both in English comprehension and in logic. But of course as an anonymous coward nobody can tell you anything. You can just come back tomorrow pretending to be someone else.
16
Jun 28, 2009 at 03:38 PM Anti-Milhouse Says:
“ Feel free to comment as much as you like. Elsewhere. ”
MIlhouse -
As long as you are hiding under that 'nam de guerre', no one knows who you are, and, frankly, no one cares. This is supposed to be a frank exchange of ideas and your greatest contribution is a perversion of the Torah.
Your idea of a tzaddik is that he can steal from both Yidden and goyim and get away with it as long as he gives tzedaka.
Your dealing with goyim is equally abhorrent. Writer #7 and 12 seems to be a goy (gentile) with a conscience (and there are plenty who read this to see how stupid some Jews are) and the best thing that you can say (rather than answering him) is to show more stupidity. You are a prime reason for hatred of Jews and rather than fight it, you want others to suffer because of your foolishness and stupidity.
Go back to Postville and see the damage that was done there. Take off your white shirt and uncover your black neshama and see what the goyim are saying about you and your friends and then come up with a plan to plan to fix it.
17
Jun 28, 2009 at 04:03 PM Milhouse Says:
“ MIlhouse -
As long as you are hiding under that 'nam de guerre', no one knows who you are, and, frankly, no one cares. This is supposed to be a frank exchange of ideas and your greatest contribution is a perversion of the Torah.
Your idea of a tzaddik is that he can steal from both Yidden and goyim and get away with it as long as he gives tzedaka.
Your dealing with goyim is equally abhorrent. Writer #7 and 12 seems to be a goy (gentile) with a conscience (and there are plenty who read this to see how stupid some Jews are) and the best thing that you can say (rather than answering him) is to show more stupidity. You are a prime reason for hatred of Jews and rather than fight it, you want others to suffer because of your foolishness and stupidity.
Go back to Postville and see the damage that was done there. Take off your white shirt and uncover your black neshama and see what the goyim are saying about you and your friends and then come up with a plan to plan to fix it. ”
It's none of your business who I am, and if you don't care then why do you bother talking about it? If you want to know what the Torah says, go learn some. You may be surprised by what you find. Benei yisroel and nochrim are NOT the same.
As for the goy, this site is not for him. This is an orthodox site, and the ground rule is that the Torah is true. This is for members of the frum community to talk to each other, not to explain Torah to outsiders.
The Rubashkin family saved Postville. Without them it would have dried up and died more than 10 years ago. If the people there are not properly grateful, then they are not menchen.
18
Jun 28, 2009 at 06:02 PM Anti-Milhouse Says:
“ It's none of your business who I am, and if you don't care then why do you bother talking about it? If you want to know what the Torah says, go learn some. You may be surprised by what you find. Benei yisroel and nochrim are NOT the same.
As for the goy, this site is not for him. This is an orthodox site, and the ground rule is that the Torah is true. This is for members of the frum community to talk to each other, not to explain Torah to outsiders.
The Rubashkin family saved Postville. Without them it would have dried up and died more than 10 years ago. If the people there are not properly grateful, then they are not menchen. ”
Milhouse -
If it's none of your business who you are, then don't rant against anyone that posts 'anonymous'. We might not know who you are, but we know what you are - and I have the yuras shomayim and pachad shomayim not to call another yid names, like you have.
As for learning Torah - I have yet to see you quote any achronim, rishonim or for that matter, anyone to support any of your views.
As for the goy, this site might not be for him, but he can still read your bigoted points of view that you are proud of. If you are an example of Yiddishkeit, then I have no wonder why Eisav soneh Yakov, even today. As for 'frum members of the community that talk to each other' - you said a mouthful. Talking TO each other is not the same as talking AT or DOWN to each other. Derech Eretz Kadma L'Torah. Your learning might be deficient because you attempt to 'learn' before you acquire derech eretz. Note that I say 'might'. I still do not know you and you still might be an ehlich guy.
As for the Rubashkin family saving Postville - Looks like they buried Postville. ICE only enforced the immigration laws. Ice was not a slumlord over NEVEL properties. ICE did not have check kiting schemes BEFORE the raid. Postville would have made it one way or another like the thousands of other towns that lost their primary business and moved to something else. But the chillul Hashem that happened in that town was way beyond anything seen in America.
19
Jun 28, 2009 at 09:17 PM Milhouse Says:
“ Milhouse -
If it's none of your business who you are, then don't rant against anyone that posts 'anonymous'. We might not know who you are, but we know what you are - and I have the yuras shomayim and pachad shomayim not to call another yid names, like you have.
As for learning Torah - I have yet to see you quote any achronim, rishonim or for that matter, anyone to support any of your views.
As for the goy, this site might not be for him, but he can still read your bigoted points of view that you are proud of. If you are an example of Yiddishkeit, then I have no wonder why Eisav soneh Yakov, even today. As for 'frum members of the community that talk to each other' - you said a mouthful. Talking TO each other is not the same as talking AT or DOWN to each other. Derech Eretz Kadma L'Torah. Your learning might be deficient because you attempt to 'learn' before you acquire derech eretz. Note that I say 'might'. I still do not know you and you still might be an ehlich guy.
As for the Rubashkin family saving Postville - Looks like they buried Postville. ICE only enforced the immigration laws. Ice was not a slumlord over NEVEL properties. ICE did not have check kiting schemes BEFORE the raid. Postville would have made it one way or another like the thousands of other towns that lost their primary business and moved to something else. But the chillul Hashem that happened in that town was way beyond anything seen in America. ”
It's none of your business who I am, or where I live, or anything else about me. I stand by my body of work here on VIN. I am the person who wrote all those comments, and you don't need to know any more; kabel es ho'emes mimi she'omro. Anonymous commenters have no record to stand on; they deliberately avoid building a record by hiding behind their anonymity. They can always deny and disavow any comment that comes in for criticism, and come back to the fray with a bank slate. That is why they are cowards. Do not confuse anonymity with pseudonymity. "Publius" was a pseudonym, but he was hardly anonymous.
20
Jun 29, 2009 at 06:24 PM Anonymous Says:
“ It's none of your business who I am, or where I live, or anything else about me. I stand by my body of work here on VIN. I am the person who wrote all those comments, and you don't need to know any more; kabel es ho'emes mimi she'omro. Anonymous commenters have no record to stand on; they deliberately avoid building a record by hiding behind their anonymity. They can always deny and disavow any comment that comes in for criticism, and come back to the fray with a bank slate. That is why they are cowards. Do not confuse anonymity with pseudonymity. "Publius" was a pseudonym, but he was hardly anonymous.
”
You still have not answered any questions on the sources for your stupidity. You obviously have none.
That you want to remain anonymous is your problem. That you want to pass off nairishkeit as Torah and poision other minds is everyone elses problem
21
Jun 30, 2009 at 05:27 AM Litvak Says:
MILHOUSE SAID -
It's none of your business who I am, or where I live, or anything else about me.
********************************************************************
No one cares who you are. Why draw attention to yourself?Is it always me me me?
I stand by my body of work here on VIN. I am the person who wrote all those comments, and you don't need to know any more;
****************************************************************
Being proud of bigoted comments is nothing to be proud about.
kabel es ho'emes mimi she'omro.
****************************************************************
As soom as we see EMES coming out of you, we will acept it. But until then.......
Anonymous commenters have no record to stand on; they deliberately avoid building a record by hiding behind their anonymity. They can always deny and disavow any comment that comes in for criticism, and come back to the fray with a bank slate. That is why they are cowards. Do not confuse anonymity with pseudonymity. "Publius" was a pseudonym, but he was hardly anonymous.
*********************************************************************
Huh? Anyone can say tat they are Milhouse or Quincy or any presidential nickname. You are still anonymous. And for calling other people a Rasha, a motzi Shem Rah. Can you be a motzi Shem Rah to an anonymous person? Yes, I felt a stab in my heart when you called me names. Giving me mussar is one thing. Calling me names is another.
Reply »
22
Jun 30, 2009 at 08:31 PM Milhouse Says:
“ You still have not answered any questions on the sources for your stupidity. You obviously have none.
That you want to remain anonymous is your problem. That you want to pass off nairishkeit as Torah and poision other minds is everyone elses problem ”
What questions? You haven't asked any.