Bucksport Generation LLC (f/k/a Verso Bucksport Power LLC) Bankruptcy New Filing Alert: Motion For Authority To Use Cash Collateral





On November 23, 2015, a motion for authority to use cash collateral was filed in the bankruptcy case of Bucksport Generation LLC (f/k/a Verso Bucksport Power LLC) and its affiliates.

The filing was assigned docket number 41 and is described on the court’s official docket as follows:

Motion to Expedite Hearing – Motion for Expedited Hearing and Shortened Objection Period with Respect to Motion for Order: (A) Authorizing Debtor to Use Cash Collateral Pursuant to Section 363; (B) Directing Bangor Gas Company LLC to Grant Debtor Access to Same; and (C) Directing Bangor Gas Company LLC to Provide an Accounting Filed by Bucksport Generation LLC (related document(s):[40] Motion to Use Cash Collateral filed by Debtor Bucksport Generation LLC). Hearing scheduled for 12/8/2015 at 09:00 AM at Bankruptcy Courtroom, Portland. Objections due by 12/8/2015. (Attachments: # (1) Proposed Order) (Lewis, Jessica)

Bucksport Generation LLC (f/k/a Verso Bucksport Power LLC) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 3, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Maine. The case number for the lead bankruptcy case is 15-10802. The bankruptcy case is currently assigned to United States Bankruptcy Judge Peter Cary. The law firm of Bernstein, Shur, Sawyer & Nelson, P.A. is acting as lead bankruptcy counsel to Bucksport Generation LLC (f/k/a Verso Bucksport Power LLC) in the bankruptcy case.

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