Seneca BioEnergy LLC filed for chapter 11 protection with debts totaling more than $1 million, including $9,400 owed to the town of Romulus, N.Y., $4,700 to the local school district and $47,000 owed to the IRS for payroll taxes, the Rochester, N.Y., Democrat & Chronicle reported today. The company has been awarded — though not actually received — substantial pots of public money in recent years, including $7 million from the state. However, the company said that receiving those public dollars revolves around finding outside investors as well — which Seneca BioEnergy is still trying to do. According to the company, it plans on operating during the bankruptcy while restructuring to pay its debts.
