Tampa    Fort Myers    Pensacola    Destin   

Specializing in insolvency and complex commercial matters since 1974

Florida Based Biodiesel Fuel Manufacturer And Glycerin Refiner Files For Protection Under Chapter 11 - August 8, 2012

On August 8, 2012, Agri-Source Fuels, LLC filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Middle District of Florida, Tampa Division. Agri-Source was established in 2006. The Company converted a shuttered orange juice processing plant in Dade City, Florida into a biodiesel and refined glycerin production facility registered by the United States Environmental Protection Agency. Due to liquidity limitations, Agri-Source had been forced to focus its production efforts on refined glycerin. The Chapter 11 filing will provide Agri-Source with debtor in possession financing and much needed liquidity to fund operations until such time as it can sell substantially all of its assets, and permit it to restructure its obligations to creditors. Edward J. Peterson III and Charles A. Postler are leading the firm’s representation in this case.