Outside managers to operate bankrupt GNP mills.The owners, creditors, and labor unions of Great Northern Papers (GNP GNP See: Gross National Product ), East Millinocket, Maine Millinocket is a town with a mill in Penobscot County, Maine, USA. The population was 5,203 at the 2000 census. It is home to a hospital. History It began with the selection of a site for the Great Northern Paper Company in 1899. Charles W. , USA, have reportedly agreed to form a three-person team of outside managers to take over the mills of fine bankrupt company in Millinocket and East Millinocket according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by Blethen Maine Newspapers. The team will reportedly review the operations and seek a buyer for the two large mills. A bankruptcy court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. must approve the composition of the interim management team. The current owner of the mills is Inexcon Maine that closed the mills in December 2002 and filed for Chapter 11 bankruptcy protection in mid-January. |
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