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GNP Creditors Petition to Move Bankruptcy Case to Maine But Trustee Objects

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A group of Maine-based creditors has asked a Delaware court to move the bankruptcy case of Great Northern Paper Co. to Maine, where an attorney said 56 percent of the 1,159 creditors are located, the Bangor (Maine) Daily News reported yesterday. But Charles Stanziale, the trustee appointed in the bankruptcy case for GNP, plans to oppose that measure, arguing that he has administered bankruptcies from all over the country. That sets up a dispute with Portland-based attorney Jeremy Fischer, who represents three creditors and has been gathering support to bring the case to Maine from others with an interest in the the East Millinocket paper mill operator’s bankruptcy. Fischer filed a motion late Friday with the U.S. Bankruptcy Court in Delaware, stating that Maine’s attorney general, the towns of East Millinocket and Millinocket and the employees’ unions have indicated support for the change of venue before a scheduled meeting of creditors happens Oct. 15.