- Associated Press - Tuesday, April 15, 2014

PORTLAND, Maine (AP) - Creditors who are owed money following a deadly train derailment and Chapter 11 bankruptcy of the railroad have two months to file a claim.

Bankruptcy judges in the U.S. and Canada have agreed on a June 13 deadline for claims that relate to fiery disaster in which 47 people were killed in Lac Megantic, Quebec.

A U.S. bankruptcy judge in Maine also has granted a moratorium on further asset-liquidation plans in the case.

Chapter 11 trustee Bob Keach said the moratorium will give all parties time to work on a settlement fund that would be used to compensate all victims.

The bankrupt railroad, Montreal, Maine and Atlantic, is being sold to help pay off creditors. Keach said he expects the deal to close by month’s end.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide