Judge orders Maine biomass company in bankruptcy to sell assets to pay off debts

BANGOR DAILY NEWS • November 28, 2022

A Maine-based biomass company that filed for bankruptcy will lose all of its facilities in Maine, Massachusetts and New Hampshire after a judge approved a sale of the company’s assets to pay off millions of dollars in debt. But only the company’s creditors whose claims are secured by company property are likely to benefit from the sale. That would leave dozens of loggers who say the company owes them money unpaid. Stored Solar Enterprises. The assets include biomass plants in West Enfield and Jonesboro.