EnCap files for bankruptcy protection
EnCap filed for Chapter 11 bankruptcy protection today, one day after the Meadowlands Commission kicked it to the curb.
Its petition “lists 20 unsecured creditors to whom it owes the most money,” according to the Bergen Record — among them, Lyndhurst, Rutherford and North Arlington. Visit the link above to see the rest, and how much money each is apparently owed.
It’s not yet clear what the bankruptcy filing means for the state money invested in the project, says the Star-Ledger.
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