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Tag: bankruptcy

Railroad in Explosion Has Its Canadian Assets Sold

| June 30, 2014

PORTLAND, Maine (AP) – The $15.85 million sale of a bankrupt railroad responsible for a deadly oil train derailment in Quebec is now complete with transfer of the company’s Canadian assets to new ownership. More than a month ago, parties completed the sale of U.S. assets of Montreal, Maine, and Atlantic to a subsidiary of […]

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Former Hostess Plant in Maine Up For Sale

| June 18, 2014

BIDDEFORD, Maine (AP) – A former industrial bakery in Biddeford is for sale for $8.45 million. The Portland Press Herald reports Wednesday that the listing ends hope the bakery will be reopened by the company that took it over after Hostess Brands filed for bankruptcy and laid off 370 employees. Flower Foods acquired the bakery […]

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Sale of Maine-Based Railroad Delayed

| March 19, 2014

The sale of a Maine-based railroad responsible for a derailment that killed 47 people in Quebec has been delayed. Canadian regulators say a New York investment firm must file additional paperwork before finalizing its purchase of the Montreal, Maine and Atlantic Railway. The Portland Press Herald reports the scheduled sale date of March 31 could […]

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Claims Deadline for Railroad Company

| March 12, 2014

  PORTLAND, Maine – A bankruptcy judge has indicated a willingness to set June 13 as the deadline for claims against a Maine-based railroad responsible for a derailment that killed 47 people last summer in Quebec. Judge Louis Kornreich (KORN’-rysh) didn’t issue the order Wednesday, pending the outcome of a proceeding in Canada. But Michael […]

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Derailment Victims Seek Mitchell’s Help

| January 30, 2014

  AUGUSTA, Maine (AP) – Some victims of last year’s fiery train derailment in Canada want U.S. Sen. George Mitchell from Maine to serve as negotiator as they seek money from the bankrupt railroad company. A document filed with the U.S. Bankruptcy Count in Bangor late Wednesday from the Meyers & Flowers law firm shows […]

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