Anyone who cashed checks from VeraSun within 90 days of the company’s bankruptcy filing in 2008 were asked in late August 2010 that they return 80 percent of the payments they’d received. The legal issues were complex and had to be dealt with quickly: farmers had to respond to the company’s law firms by Sept. 30.
So in mid-September ISU Extension brought legal experts to Fort Dodge and Charles City to offer farmers straightforward advice about the steps they needed to take. Extension also videotaped the Charles City session for online viewing.
Iowa State’s Center for Agricultural Law and Taxation continues to monitor the situation and provide updates when available.