Clean Burn Plan OK Despite NC Tax Concerns, Trustee Says

Law360, New York (June 4, 2012, 7:23 PM EDT) -- The U.S. trustee for bankrupt ethanol maker Clean Burn Fuels LLC on Monday urged a judge to disregard the North Carolina Department of Revenue’s objection to a proposed reorganization plan, saying the department’s tax claims concerns are unfounded.

The department objects to an April 10 order approving Clean Burn Fuel’s disclosure statement, paving the way for a reorganization plan, saying the plan doesn’t do enough to protect the state’s claim on taxes and penalties it may be owed.

But U.S. Trustee Sara A. Conti said most...
To view the full article, register now.




Case Information

Case Title

Clean Burn Fuels, LLC

Case Number



North Carolina Middle

Nature of Suit

Date Filed

April 3, 2011


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.