NEWS
Abengoa Sued in Kansas
Fri Feb 12, 2016 02:49 PM CST

OMAHA (DTN) -- The list of grain companies not paid by Abengoa Bioenergy corn-ethanol plants continues to grow, as another group of sellers filed an involuntary Chapter 7 bankruptcy petition, this time in the U.S. Bankruptcy Court in Kansas.

There's a mad scramble by Abengoa creditors in the United States to recover millions of dollars for unpaid corn deliveries to plants in Nebraska, before Spain-based Abengoa SA sells off its ethanol assets as part of what is expected to be a massive company restructuring in the face of more than $8 billion in debt.

Involuntary Chapter 7 -- or liquidation ...

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