Generation Resources Holding Co. filed for Chapter 7 bankruptcy on Monday. The Leawood-based wind-energy project developer filed to rid itself of as much dischargeable debt as possible as the company has little in the way of personal property but owes nearly $6 million to creditors holding unsecured nonpriority claims. ...According to its Web site, the company was building or had built several wind-energy projects in Pennsylvania.
Generation Resources Holding Co. filed for Chapter 7 bankruptcy on Monday. The Leawood-based wind-energy project developer filed to rid itself of as much dischargeable debt as possible as the company has little in the way of personal property but owes nearly $6 million to creditors holding unsecured nonpriority claims. ...According to its Web site, the company was building or had built several wind-energy projects in Pennsylvania.
Generation Resources Holding Co. filed for Chapter 7 bankruptcy on Monday.
The Leawood-based wind-energy project developer filed to rid itself of as much dischargeable debt as possible as the company has little in the way of personal property but owes nearly $6 million to creditors holding unsecured nonpriority claims.
Court records show that Overland Park-based Black & Veatch Corp. holds a $2.2 million claim against Generation Resources in the form of a contingent interest promissory note.
A pair of community foundations in Pennsylvania also hold an evenly divided promissory note against the company worth $2.6 million.
Also holding an unsecured claim is London-based wind-farm financier Freestream Capital LLC, which has a $1 …
... more [truncated due to possible copyright]Generation Resources Holding Co. filed for Chapter 7 bankruptcy on Monday.
The Leawood-based wind-energy project developer filed to rid itself of as much dischargeable debt as possible as the company has little in the way of personal property but owes nearly $6 million to creditors holding unsecured nonpriority claims.
Court records show that Overland Park-based Black & Veatch Corp. holds a $2.2 million claim against Generation Resources in the form of a contingent interest promissory note.
A pair of community foundations in Pennsylvania also hold an evenly divided promissory note against the company worth $2.6 million.
Also holding an unsecured claim is London-based wind-farm financier Freestream Capital LLC, which has a $1 million contract with Generation Resources.
Attempts to reach company officials were unsuccessful on Tuesday. Its Web site is barely functional and has had all e-mail addresses removed from it.
According to its Web site, the company was building or had built several wind-energy projects in Pennsylvania.