NEWS
Fri Sep 14, 2012 02:05 PM CDT

(Dow Jones) -- With its Canadian headquarters taken over by financial professionals, hog producer Big Sky Farms Inc. has filed for a type of U.S. bankruptcy that would keep its feed suppliers from seizing pigs that the company is raising at an Iowa farm.

Days after receiver Ernst & Young took over its finances, Big Sky Farms filed for Chapter 15 protection in U.S. Bankruptcy Court in Cedar Rapids, Iowa, and immediately asked Judge Thad J. Collins to keep creditors from taking pigs as payment.

That blockade would last until receiver Ernst & Young can find a fix for Big ...

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