Louisiana Pellets auction for company assets postponed indefinitely

By Caroline Salls

Pittsburgh, March 8 – Louisiana Pellets, Inc.’s auction, which was scheduled for March 9, has been adjourned indefinitely, according to a notice filed Wednesday with the U.S. Bankruptcy Court for the Western District of Louisiana.

The company said the new date will be determined after consultation with its bond trustee and the official committee of unsecured creditors.

No reason was given for the adjournment.

Based in Urania, La., Louisiana Pellets manufactures wood pellets. The company filed for bankruptcy on Feb. 18, 2016 under Chapter 11 case number 16-80162.

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