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Clean energy company files for bankruptcy

Posted on Tuesday, November 1st, 2011 at 1:43 pm    

A clean energy company has now filed for bankruptcy, making this the second one that received a loan from the Department of Energy to file for bankruptcy.

The company, Beacon Power, was granted $43 million in order to work on a new technology that would allow the electricity grid for that nation to store power in a new facility in New York.

The company also received a stimulus grant from the Department of Energy for $29 million. A White House official has said that a review of all of the companies given loans will now be done.

If you or a loved one has been considering filing for bankruptcy in order to resolve your financial issues and climb out of debt, you need experienced representation on your side. Contact the Joliet bankruptcy lawyers of the Law Office of Stuart B. Handelman by calling 815-722-2201 in order to discuss your legal options.