Express Grain Terminals Bankruptcy | Free Claim Evaluation
Express Grain Terminals, LLC and its two affiliates (referred to collectively as “Express Grain”) provide soybean processing services in the United States. In September 2021, Express Grain filed for Chapter 11 bankruptcy in the Northern District of Mississippi (“the Express Grain Bankruptcy”).
Express Grain’s bankruptcy filings reflect that over 200 farmers may be owed money in the bankruptcy proceedings. Any business or individual who believes they are owed money by Express Grain should take immediate action to ensure they receive what they are owed through the Express Grain Bankruptcy. In many instances, these individuals and businesses are required to file a “proof of claim” with the bankruptcy court stating the amount they are owed and the basis for the claim. Failure to file a proof of claim by the deadline fixed by the court might result in the loss of the money you or your company may be owed. In this case, the court has set a claim deadline of 1/27/2022.
The lawyers at Peiffer Wolf Carr Kane & Conway (“Peiffer Wolf”) represent individuals and businesses in bankruptcy cases. Our goal is to ensure that our clients receive every dollar they possibly can through the bankruptcy process. If you believe that you or your business may be owed money in the Express Grain Bankruptcy, you should contact the attorneys of Peiffer Wolf for a FREE Consultation by calling 504-605-1542 or by filling out an online Contact Form.
The Express Grain Bankruptcy | What Happened & Do You Have a Claim?
According to the bankruptcy filings, Express Grain plans to reorganize with an equity investor to recapitalize and pay farmers the debt Express Grain owes to them. The bankruptcy filings indicate the company has assets ranging from $50 to $100 million. Express Grain’s liabilities range from $50 million to $100 million, of which nearly $40 million is owed to farmers.
The Express Grain Bankruptcy Court has fixed a deadline of 1/27/2021 for Express Grain’s creditors to file proofs of claim. Anyone who believes they may be owed money by Express Grain should take action, as the deadline is rapidly approaching.
The fact that you or your business may be listed as a creditor in the Express Grain Bankruptcy does not mean you have been sued. Neither you nor your business is required to take action; however, failure to do so may result in no recovery of what you may be owed in the bankruptcy proceeding.
If you want your case reviewed, the attorneys at Peiffer Wolf will discuss your possible recovery options with you at no charge. Contact us for your FREE Consultation by calling 504-605-1542 or by filling out an online Contact Form.
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