✉news WorldLaw & Courts first seen 22 h ago, last 21 h ago, peak #15
Court Rules Bond Firms Have No Claim to Hansen-Mueller Grain Funds
Original: Bankruptcy Court: Bond Companies Have No Rights to Hansen-Mueller Grain Funds
A US bankruptcy court has ruled that surety bond companies hold no rights to grain funds tied to Hansen-Mueller, the Nebraska-based grain merchandiser that collapsed into bankruptcy owing farmers and creditors tens of millions of dollars. The decision clarifies how remaining grain-related assets will be distributed, and bond companies are expected to challenge or litigate over the ruling as the case proceeds.
Why now: The ruling affects how money will be paid out to farmers and creditors in a closely watched agricultural bankruptcy.
Hansen-Muellerbankruptcy courtsurety bond companies
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- Bankruptcy Court: Bond Companies Have No Rights to Hansen-Mueller Grain Funds · DTN Progressive Farmer
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