Mission Coal Waid claimants appeal plan and sale orders, request stay

By Caroline Salls

Pittsburgh, April 29 – Mission Coal Co., LLC claimants JoAnn Waid and Lennis L. Waid appealed the court orders approving the company’s asset sale and confirmation of its Chapter 11 plan, according to a notice filed Friday with the U.S. Bankruptcy Court for the Northern District of Alabama.

The Waids and other Waid claimants also asked the court to stay the sale and plan confirmation orders “to the extent that those orders affect the substantive rights of the Waid claimants, including any attempt to sell the subject property free and clear of the right of the Waid claimants to revoke the easements referred to in the order approving the sale.

The claimants said Mission Coal cannot legally sell the property free and clear of their property rights, which they argue include their right to revoke an easement on their property.

In addition, the claimants said they cannot be deprived of their property rights without “just compensation.”

Mission Coal is a Kingsport, Tenn.-based coal company. The company filed bankruptcy on Oct. 14, 2018 under Chapter 11 case number 18-04177.

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