Renew Energy statement, procedures hearings adjourned to July 28

By Jennifer Lanning Drey

Portland, Ore., July 13 - Renew Energy LLC's hearing for approval of the disclosure statement for its plan of liquidation was adjourned to July 28 by the U.S. Bankruptcy Court for the Western District of Wisconsin, according to an attorney.

The hearing was originally scheduled for Monday.

As previously reported, Renew's official committee of unsecured creditors objected to the disclosure statement on May 22, claiming it does not pay priority creditors in full and that it may not have been proposed in good faith.

The hearing for approval of the bidding procedures for the proposed sale of substantially all of Renew's assets will also be held on July 28.

Renew Energy, a Jefferson, Wis., ethanol producer, filed for bankruptcy on Jan. 30. Its Chapter 11 case number is 09-19491.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.