US Energy Biogas Heads For Ch. 11

Law360, New York (January 26, 2009, 12:00 AM EST) -- U.S. Energy Biogas Corp. and its subsidiaries have filed for Chapter 11 bankruptcy protection and arranged for a stalking horse agreement to effectuate the sale of the company’s assets.

The landfill gas developer ducked into bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York on Friday in what its attorneys hope will be a short and sweet asset auction.

According to attorney for the debtors Peter Partee of Hunton & Williams LLP, USEB has already reached a stalking horse agreement with...
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