Having received many calls regarding the VeraSun Bankruptcy situation and the attempts that are being made to recover money from corn suppliers, Roger McEowen, Center of Agricultural Law and Taxation (CALT) director, has written a detailed article outlining what this means to parties that supplied corn to VeraSun within 90 days of the bankruptcy filing. Legal counsel for the "reorganized debtors" has sent letters to these parties offering to settle preference claims. The article is available on the CALT website at http://www.calt.iastate.edu/.
Links to this article are strongly encouraged, and this article may be republished without further permission if published as written and if credit is given to the author, Integrated Crop Management News, and Iowa State University Extension and Outreach. If this article is to be used in any other manner, permission from the author is required. This article was originally published on September 1, 2010. The information contained within may not be the most current and accurate depending on when it is accessed.