VeraSun seeks recovery of payments to suppliers

VeraSun Corp., now reorganized in Chapter 11 bankruptcy, is seeking to collect money from suppliers who were paid by the company in the 90 days preceding its bankruptcy filing.

Nebraska farmers who sold corn to former VeraSun ethanol plants have been receiving notices from law firms in New York demanding refunds for 80 percent of payments received during a “look back” period Aug. 3 and Oct. 31, 2008.

The letters are seeking the repayments by Sept. 30, 2010.

Additional details in the Sept. 8 Albion News Print and Electronic Editions.

Add Comment

Click here to post a comment