Our Bankruptcy Attorney Blog

Post taken from BankruptcyData.com:

VeraSun Energy and 24 of its subsidiaries filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 08-12606. According to the Company, the filing was precipitated by a series of events that led to a contraction in VeraSun Energy’s liquidity, impairing its ability to operate its business and invest in production facilities. “Today’s filing allows VeraSun to address its short-term liquidity constraints as we navigate historically challenging market conditions while we focus on restructuring to address the company’s long-term future,” Don Endres C.E.O., said. “We appreciate the loyalty of our employees, customers and suppliers during this challenging time.”

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