East Millinocket, Maine, will receive six months of wastewater treatment from a bankrupt paper mill, after a federal judge on Thursday allowed the mill’s estate to loan as much as $250,000 to the town to cover treatment plant operations, the Bangor Daily News reported today. U.S. District Court Judge Louis Kornreich granted trustee’s attorney Shawn Doil’s request to offer the $250,000 loan during a brief appearance at the Margaret Chase Smith Federal Building. The money, Doil said, will come from the estate of GNP Holdings, one of two Great Northern Paper Co. corporations that have filed for Chapter 7 bankruptcy protection. That estate has $1.2 million in assets to secure the loan. The town and state have until Aug. 5 to repay it, she said.
