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? on Verasun going broke.
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Cyclone96
Posted 9/3/2010 01:44 (#1344585 - in reply to #1344517)
Subject: Re: ? on Verasun going broke.



NE Iowa
If you are talking about the requests for refunds by the bankruptcy trustee, absolutely not. Its a procedural move by the trustee. His job is to get as much money to creditors as possible and to verify all payments were for real transactions once the company knew they were headed to bankruptcy. In case Verasun started hiding cash with bogus transactions before filing bankruptcy. We went through this with Agriprocessors. The first letter sounds threatening. Then it gets to the facts. Provide them as little info as possible but enough to prove you actually delivered them grain and you were paid the value of that grain. Scale tickets, trucking receipts, settlement statements, etc. Thats it and you should be left alone.
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