Clean Burn Trustee Wins Ch. 7 Conversion

Law360, New York (September 12, 2012, 12:22 PM EDT) -- A North Carolina bankruptcy judge on Tuesday granted a request by the trustee in Clean Burn Fuels LLC's bankruptcy case to convert the ethanol maker's Chapter 11 action to a Chapter 7, after the company ceased operations and gave up on plans to reorganize.

“Based upon the motion and the arguments, and with the consent of the debtor, the court concludes that cause exists ... to convert this case to a case under Chapter 7,” U.S. Bankruptcy Judge Thomas W. Waldrep Jr. said.

The judge further...
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