Bankruptcy Proposal Would Dodge Mine Cleanup Laws > Appalachian Voices
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 ...
Source: appvoices.org