Former Bear Island Paper posts $1,649 May net loss on zero net sales

By Caroline Salls

Pittsburgh, July 25 - Estate Bipco, LLC, formerly Bear Island Paper Co., LLC, posted a net loss of $1,649 for May on zero net sales, according to its monthly operating report filed July 25 with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, Estate Bipco reported a $290,995 net loss for April, also on zero net sales.

The company also reported $8.15 million in cash as of May 31, the same as at the end of April.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.