January 15, 2007
By JOHN FLOWERS and JOHN McCRIGHT
MIDDLEBURY — Specialty Filaments Inc. formally announced on Thursday that it will be filing for bankruptcy under Chapter 7, thereby sending the company’s 175 workers into the market in search for new jobs.
“The board of directors and senior management of Specialty Filaments Inc. were in discussions over the weekend and the last few business days with the company’s senior lender (Wells Fargo) regarding the lender’s demand that the company turn over its assets pursuant to its secured loan agreements with the lender,” reads a Jan. 11 press release from Specialty Filaments spokesman Bill Haynes. “In light of the bank’s actions, and after reviewing all of the alternatives, the company determined that a filing of a Chapter 7 bankruptcy petition is in the best interests of the company and its various constituents. We regret this action and appreciate the hard work and support the employees and community have historically given to the company.”
January 15, 2007
By JOHN FLOWERS
SALISBURY — Outdoor wood-fueled boilers (OWBs) have suddenly become an incendiary topic in the town of Salisbury, where the planning commission has proposed a temporary ban on the smoke-producing heating devices.
The suggested moratorium
one in a series of draft interim zoning regulations now being reviewed by town selectmen — is being praised by some residents as a means of promoting better air quality in town, but is being panned by other citizens who argue they should be able to install whatever heating units they want on their own property.
Salisbury selectmen hosted an informational meeting on the subject on Jan. 10, a gathering attended by around 40 people, including two air quality experts from the Vermont Department of Environmental Conservation (DEC).