The Company

Biodiesel of Mississippi

A shutdown biodiesel refinery in Mississippi.  In Chapter 11 for 5 months when Equity Partners was retained.

The Challenge

The refinery was shut down and facing a conversion to Chapter 7.  There was no real documentation regarding prior production, there were significant challenges with the MS Dept. of Environmental Quality, and we could not demonstrate any current production capability.

The Process

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, Equity Partners still generated over 100 interested prospects.

The Solution

We quickly obtained a going concern offer that far exceeded any liquidation estimate.  The sale was approved, the business sold, and operations restarted.