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Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

May 19, 2020 07:35PM
The Trustee in a bankruptcy gets the money and will use it to pay off creditors, yes. The SLRG does not get the money. Because it is a bankruptcy sale, the buyers will not be burdoned with the debts incurred by IPH, or SLRG on behalf of Mass Coastal. The purchaser gets the railroad free and clear, and the debts stay with IPH / SLRG for the trustee to deal with.
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NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Chris Webster May 19, 2020 07:52AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

evankamp May 19, 2020 08:18AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

nedsn3 May 19, 2020 08:49AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Will Gant May 19, 2020 09:09AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

guymonmd May 19, 2020 11:26AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Chris Webster May 19, 2020 11:47AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Andrew Roth May 20, 2020 08:10AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Will Gant May 19, 2020 01:03PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

michael May 19, 2020 07:20PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Everett Lueck May 19, 2020 07:35PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

nedsn3 May 20, 2020 08:11AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Greg Scholl May 20, 2020 09:44AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Sam Seiber May 20, 2020 05:58PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Earl May 20, 2020 07:12PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

DWB May 21, 2020 08:50PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Earl May 21, 2020 08:59PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Jimr260 May 22, 2020 06:14AM

Night trains

hank May 22, 2020 06:25AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Greg Scholl May 22, 2020 06:31AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Jimr260 May 22, 2020 07:08AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

John Bush May 22, 2020 01:45PM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Jerry474 May 22, 2020 09:46AM

Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Jimr260 May 22, 2020 05:07PM

All Nighters on the Narrow Gauge. Was: Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Earl May 22, 2020 10:20PM

Re: All Nighters on the Narrow Gauge. Was: Re: NNG: Bankruptcy Court Judge Authorizes Chapter 11 Trustee for San Luis & Rio Grande Railroad, Inc. to Auction 100% of Membership Interest in Its Wholly-Owned Subsidiary Massachusetts Coastal Railroad, LLC

Jimr260 May 23, 2020 06:15AM

The problem with the Farmington yard

hank May 23, 2020 07:09AM

Re: The problem with the Farmington yard

Earl May 23, 2020 10:54AM

Re: The problem with the Farmington yard

Jimr260 May 23, 2020 04:02PM

Del Norte Prospector: San Luis and Rio Grande Railroad is heading to bankruptcy court

Chris Webster June 26, 2020 01:57PM



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