UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~November~~February 293, ~~2007~~2009

BPI Energy Holdings, Inc.

(Exact Name of Registrant as Specified in Charter)

British Columbia, Canada	001-32695	75-3183021
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
(State or Other Jurisdiction	(Commission	(IRS Employer
of Incorporation)	File Number)	Identification No.)


30775 Bainbridge Road, Suite 280, Solon, Ohio		44139

(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code (440) 248-4200

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 1.01 Entry into a Material Definitive Agreement.
	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
EX-10.1


Item 1.03 Bankruptcy or Receivership
SIGNATURES

Item 1.0103 ~~Entry~~Bankruptcy ~~into~~or ~~a Material Definitive Agreement~~Receivership.

On ~~November~~February 293, ~~2007~~2009, BPI Energy Holdings, Inc. (“BPI Holdings”) and its wholly owned subsidiary, ~~BPI~~ BPI Energy, Inc. (“BPI Energy”), ~~entered~~filed ~~into~~a anvoluntary ~~amendment~~petition tofor ~~BPI~~relief ~~Energy’s~~under ~~Advancing~~Chapter 11 ~~Term~~of ~~Credit~~the U.S. ~~Agreement~~Bankruptcy (Code with the ~~“Credit~~U.S. ~~Agreement”),~~Bankruptcy ~~originally~~Court ~~entered~~for ~~into~~the asNorthern District of ~~July 27~~Ohio, ~~2007,~~Eastern ~~with~~Division. BPI ~~GasRock~~Holdings and BPI Energy are continuing to operate their businesses and manage their affairs as ~~Capital~~debtors ~~LLC~~in ~~(“GasRock”)~~possession under the Bankruptcy Code.

The amendment extends the date until which BPI Energy may request loans under the Credit Agreement, and the date upon which all amounts outstanding under the Credit Agreement will be due and payable, from July 25, 2008 to January 30, 2009. The date to which GasRock may, at its option, extend the Credit Agreement has been extended from July 29, 2011 to January 30, 2013.

The amendment also increases the initial commitment under the Credit Agreement from $10.2 million to $10.7 million. BPI Energy received a loan of $9.1 million from this initial commitment on July 27, 2007.

A copy of the amendment has been filed as an exhibit hereto and is hereby incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information included in Item 1.01 above is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

10.1 First Amendment to Advancing Term Credit Agreement, dated as of November 29, 2007, by and among BPI Energy, Inc., as Borrower, BPI Energy Holdings, Inc., as Guarantor, and GasRock Capital LLC, as Lender.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	BPI Energy Holdings, Inc.
	By:	/s/ James G. Azlein
		James G. Azlein
		Chief Executive Officer and President

Date: ~~November~~February 45, ~~2007~~2009

EXHIBIT INDEX

Exhibit No.		Description
10.1		First Amendment to Advancing Term Credit Agreement, dated as of November 29, 2007, by and among BPI Energy, Inc., as Borrower, BPI Energy Holdings, Inc., as Guarantor, and GasRock Capital LLC, as Lender.

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