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D&L Energy bankruptcy hearing under way in Youngstown



Published: Fri, April 19, 2013 @ 12:18 p.m.

D&L Energy bankruptcy hearing under way in Youngstown

YOUNGSTOWN — The first hearing in U.S. Bankruptcy Court concerning D&L Energy’s bankruptcy stalled this morning in a dispute over payments to a company that supervised the cleanup of a Jan. 31 oilfield waste spill into a Mahoning River tributary.

Nicholas Paparodis, D&L’s president, testified that Enviroscience out of Stow, Ohio, which supervised the cleanup, has refused to provide a report to the U.S. Environmental Protection Agency, which is due Monday, unless it receives payment for its services.

D&L owes Enviroscience $123,000, according to a list of creditors in the Chapter 11 Bankruptcy filing.

If the report is not timely filed, the U.S. EPA could fine D&L $37,500 a day, Paparodis testified.

An Enviroscience executive was traveling to Youngstown for the afternoon court session.


Comments

1UsuallyBlunt(105 comments)posted 1 year, 4 months ago

Do what everyone else must...sell assets when your cashflow is not enough to pay your bills! D & L should not be allowed to go "Bankrupt"...they have real estate holdings worth millions of $$$$$

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2thinkthentalk(259 comments)posted 1 year, 4 months ago

Straight out of the neo-con tea party republican ideology playbook. Get your legislative patsys to pontificate about over-regulation. Cut the enforcement so that you dont get caught. Go "bankrupt " after you made your $$$ and you do get caught.

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3daveingy99(1 comment)posted 1 year, 4 months ago

solyndra, firster, A-1 batteries didn't they get their millions and billions and then go bankrupt too?????

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