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July 31, 2017

Shuttered Lincoln mill to seek $1.1 million from vendors

As part of a bankruptcy process, the Lincoln Paper and Tissue mill plans to try to reclaim money that it’s already paid out to vendors.

The Bangor Daily News reported the bankrupt mill plans to file $1.1 million in claims against suppliers in Maine and elsewhere that it paid before filing for Chapter 11 bankruptcy protection. The largest claim, $552,396, is from Baileyville pulp mill Woodland Pulp.

If the mill succeeds in that effort, the money would go back into the bankruptcy estate for potential distribution among its creditors. The mill filed for bankruptcy Sept. 28, 2015.

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