Former Bear Island Paper marks $119,571 December net loss, zero sales

By Caroline Salls

Pittsburgh, Jan. 31 - Estate Bipco, LLC, formerly Bear Island Paper Co., LLC posted a $119,571 net loss for December on zero net sales, according to its monthly operating report filed Jan. 31 with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, Estate Bipco reported a $66,700 net loss for November, also on zero net sales.

The company also reported $9.19 million in cash as of Dec. 31, down from $9.31 million at the end of November.

Bear Island, an Ashland, Va.-based subsidiary of White Birch Paper Co., filed for bankruptcy on Feb. 24, 2010. Its Chapter 11 case number is 10-31202.

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