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Bioplastics maker Cereplast files for Chapter 11 protection

By: Don Loepp

Seymour, Ind.-based bioplastics maker Cereplast Inc. on Feb. 10 filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. The company intends to continue to operate. However, one creditor has petitioned the U.S. Bankruptcy Court in New Albany, Ind., to convert the case to a Chapter 7 liquidation.

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