NEWS
Abengoa's Hand May Be Forced
Todd Neeley DTN Staff Reporter
Mon Feb 8, 2016 11:00 AM CST

OMAHA (DTN) -- Creditors who have not been paid for corn deliveries are trying to force Abengoa Bioenergy Nebraska into involuntary Chapter 7 bankruptcy, according to a petition filed last week in Nebraska.

Omaha-based Gavilon Grain, LLC; Ravenna, Nebraska-based Farmers Cooperative Association; and Maumee, Ohio-based The Andersons, Inc., indicate in the petition Abengoa owes about $4.1 million for grain sold to Abengoa ethanol plants.

"I don't have any details, but coffee-shop talk is that creditors want to get paid sooner rather than later and they, as well as potential acquirers of the assets, are concerned about standing once these assets ...

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