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By Matt Hepler and Molly Moore
UPDATE, Jan. 11, 2020:
Following multiple objections to Blackjewel’s proposed Chapter 11 plan, Blackjewel filed an amended plan the morning of the December 17 hearing, striking the use of a reclamation trust. During the hearing, Judge Benjamin Kahn denied former Blackjewel CEO Jeff Hoops’ petition to move the bankruptcy proceeding from a Chapter 11 reorganization plan to a Chapter 7 liquidation plan, but did not rule on the proposed Chapter 11 plan, given the last-minute changes.
Blackjewel stated in a Dec. 23 filing that it was seeking to abandon all of its unsold coal permits, though exactly which permits remain unsold and untransferred remains unclear. Judge Kahn will again take up the issues of permit abandonment and the general bankruptcy plan during the January 15 court hearing.