The biofuel industry is having its share of problems as the economy continues to slump. Several producers of ethanol and other biofuels have had to file for bankruptcy over the last two years partially because of the economy.

Another large reason for the filings is a flooded market. There is currently more supply than demand for the product, and production costs too much for many of these companies to stay afloat. This leads to bankruptcy filings.

If you are considering filing for bankruptcy, contact the Austin bankruptcy attorneys of Slater Kennon LLP at 512-338-1100.