Former Bear Island Paper net loss rises to $145,272 in January

By Jim Witters

Wilmington, Del., March 12 - Estate Bipco, LLC, formerly Bear Island Paper Co., LLC, posted a $145,272 net loss for January on zero net sales, according to the company's monthly operating report filed March 12 with the U.S. Bankruptcy Court for the Eastern District of Virginia.

Those figures compare to a net loss of $119,571 for December, also on zero sales.

The company also reported $9.05 million in cash as of Jan. 31, down from $9.19 million at the end of December.

Bear Island, an Ashland, Va.-based subsidiary of White Birch Paper Co., filed for bankruptcy on Feb. 24, 2010. Its Chapter 11 case number is 10-31202.

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