"Things just continued to deteriorate," the past week, [Russ Abarr] said, referring to the business conditions that led to the filing in U.S. Bankruptcy Court for the Northern District of Indiana, South Bend Division.

"Everything plays into it," Abarr said. "They were all factors. The drought, lower corn harvest, higher corn prices, high ethanol supply, low ethanol pricing, low gasoline demand. Everything has played into it.

"The margins have been really challenging in the industry essentially all year," Abarr added. "We are not the only company going through this. There are a lot of other plants that have shut down, slowed down."