[CPEO-BIF] Former Copar quarry files for bankruptcy, Westerly, Rhode Island

[Lenny Siegel <lsiegel@cpeo.org>]

Former Copar quarry files for bankruptcy

By DALE P. FAULKNER 
Westerly Sun (RI)
August 30, 2015

WESTERLY - The Copar/Armetta saga appears to be winding down as the quarry company is liquidating its remaining assets under federal bankruptcy rules. The company’s operation in Bradford has been a thorn in the side of its neighbors, drawing town officials into a dispute that has gone on for nearly five years.

Armetta LLC voluntarily filed for Chapter 11 bankruptcy protection on Aug. 19 in U.S. Bankruptcy Court in New Haven. Although many Chapter 11 petitions result in company reorganization, Rebecca Adams, a lawyer for Armetta LLC, said the company is not reorganizing but instead is liquidating its assets.

The bankruptcy filing came about a week after the company acknowledged that it had laid off a number of workers and substantially reduced operations.

…

For the entire article, see
http://www.ecori.org/smart-growth/2015/9/15/bankrupted-quarry-operation-leaves-scars

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org

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