The Rutland Herald is reporting that Luis Algarin, the owner of Rutland-based Vermont Wood Energy Corporation, filed for Chapter 7 bankruptcy last week. According to court papers, Algarin owes creditors, including hundreds of customers who pre-bought wood pellets, over $4 million.
For more on this Bankruptcy, click on the following link:
http://www.wcax.com/global/story.asp?s=10269235 (http://www.wcax.com/global/story.asp?s=10269235)