Bear Island Paper Co. LLC Files for Bankruptcy Protection

Richmond, Virgina.  Bear Island Paper Co. LLC, a producer of newsprint, filed for protection under chapter 11 of the Bankruptcy Code citing the declining demand for newsprint.

The Ashland, Virginia-based company listed assets of $100 million to $500 million and debt of $500 million to $1 billion in its Chapter 11 petition filed with the Bankruptcy Court for the Eastern District of Virginia, Richmond Division.

The Bear Island paper mill north of Ashland employs about 200 people and produces about 235,000 tons of newsprint. It is owned by White Birch Paper Holding Co. of Nova Scotia.

Bear Island has hired Garden City Group, Inc. as its claims and notice agent.  The case is listed as In re Bear Island Paper Company LLC, 10-31202. 

Ronald Page, PLC has extensive experience representing creditors in large bankruptcy cases.   Please contact my offices directly to discuss any claims your entity may have against Bear Island.