Biodiesel of Mississippi has continued operations through a transaction with Universal Bioenergy, LLC
BIODIESEL OF MISSISSIPPI – This shutdown biodiesel refinery was 5 months into Chapter 11 when SC&H Capital was retained. Our retention prevented a conversion to a Chapter 7 liquidation and the court allowed us a short window to pursue going concern offers.
While the debtor failed to demonstrate any real production capacity, SC&H Capital generated over 100 interested prospects and obtained a going concern offer that far exceeded any liquidation estimate. The sale was approved, the business sold, and operations restarted.