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The Section 201 Trade Case, Part II: In the Hands of DIPs

The Section 201 Trade Case, Part II: In the Hands of DIPs

The 201 trade case is being financed and organized by Suniva’s “Debtors in Possession” or DIPs. These firms want their money back. The 201 trade case is a desperate attempt to do just that.
How Governmental Green Financing and Debt Settlement Are Related

How Governmental Green Financing and Debt Settlement Are Related

Even in these economically difficult times, governments loan billions of dollars to households, corporations and organizations through various government programs. Governments extend this credit or loans to all sectors of the economy including: Education Housing Agriculture Small business Energy and Climate These are the different ways in which green financing can be used to avail funds to populations of a […]
VeraSun Receives Indication of Interest For Purchase of Its Assets

VeraSun Receives Indication of Interest For Purchase of Its Assets

VeraSun Energy Corporation, one of the nation's largest ethanol producers, today announced that it recently received a non-binding unsolicited indication of interest with respect to the purchase of its assets. The company intends to pursue this indication of interest to its conclusion and evaluate other proposals it may receive in accordance with its obligations as a debtor in possession under chapter 11 of the Bankruptcy Code.
Bankruptcy Judge Allows Bidding on Enron Wind to March 27

Bankruptcy Judge Allows Bidding on Enron Wind to March 27

2002-03-05 [SolarAccess.com] U.S. Bankruptcy Court Judge Arthur Gonzalez approved Enron Corp’s motion to pursue the sale of its subsidiary Enron Wind to GE Power Systems but gave alternate bidders until March 27 to submit offers for the company. The judge also assigned a US$5.625 million breakup fee should another bidder offer more than the US$258 million offered by GE. The […]
Battery Maker A123 Systems Files for Bankruptcy

Battery Maker A123 Systems Files for Bankruptcy

A123 Systems Inc., the electric car battery maker that received a $249 million federal grant, filed for bankruptcy protection after failing to make a debt payment that was due yesterday.
Get Debt Relief to Pay for Your Green Energy Equipment

Get Debt Relief to Pay for Your Green Energy Equipment

It is no doubt that most households that are struggling with debt are also struggling to pay monthly utility bills. One of the changes you could make in your lifestyle is to adopt green energy sources. Green energy is praised by many as a sure way to avoid unnecessary expenses. Should you fall on hard times in the future, you […]
Khosla-Backed Biofuel Firm Kior Files Bankruptcy, Plans Sale

Khosla-Backed Biofuel Firm Kior Files Bankruptcy, Plans Sale

Kior Inc., a maker of biofuels from crops such as switchgrass, wood chips and corn husks, filed for bankruptcy protection with a plan to sell its assets to affiliates of backer Vinod Khosla if no better offer emerges.
Intel spinoff Spectrawatt files Chapter 11

Intel spinoff Spectrawatt files Chapter 11

Just a few months after shuttering its US fab, mc-Si solar cell maker Spectrawatt is filing for Chapter 11 bankruptcy protection.
Ethanol Industry Update: VeraSun Files for Bankruptcy, Poet & KL Energy Move Forward

Ethanol Industry Update: VeraSun Files for Bankruptcy, Poet & KL Energy Move Forward

VeraSun Energy Corporation announced that it and 24 of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company said that it made the move in order to enhance liquidity while it reorganizes its operations.
Hot Water: Financial Woes Hit Raser, Shoshone Renaissance

Hot Water: Financial Woes Hit Raser, Shoshone Renaissance

In Utah and Idaho, the news is bleak. Raser Technologies, Inc. has announced that it and all of its wholly-owned subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.