💥New Chapter 11 Bankruptcy - Vertex Energy Inc. ($VTNR)💥
"Energy Transition" fails to take hold, sparking bankruptcy for Houston-based company.
On September 24, 2024, Houston-based Vertex Energy Inc. ($VTNR) and 23 affiliates (the “debtors”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez). We saw trouble brewing with this name early in the summer and so we’re not surprised the debtors are here:
Founded in ‘01, the debtors began as collectors and re-refiners of …