Category Archives: PPM Bankruptcy

12 February 2020: Kelley Bankruptcy Wrapping Up

Once the Clary Lake Association purchased the dam from Paul Kelley’s bankruptcy estate back in October 2018, I pretty much stopped paying attention to what was going on in those court proceedings. I have over the months however continued to … Continue reading

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28 September 2018: Bankruptcy Judge Approves FREE and CLEAR Sale of Dam!

At a short hearing held today at 10 AM in Bangor at the U.S. Bankruptcy Court, Judge Michael Fagone granted the Trustee’s motion to sale the Clary Lake dam to the Clary Lake Association free and clear of the restrictive … Continue reading

Posted in Association News, Clary Lake Dam, Court Action, News, Personal Bankruptcy, PPM Bankruptcy, Video Multimedia | 5 Comments

12 July 2018: Final Sale Motion Hearing Scheduled

The Judge in the Paul A. Kelley Jr. Bankruptcy case has issued an Order and Schedule for oral arguments on the a Final Sale Motion on July 27th, 2018 at 10:00 AM. The hearing will be at the U.S. Bankruptcy … Continue reading

Posted in Clary Lake Dam, Court Action, Department of Environmental Protecion, Medius L3C, Personal Bankruptcy, PPM Bankruptcy | Leave a comment

05 July 2018: No Sale Today, Bankruptcy Case Continued

I had hope to be able to tell everyone today that the U.S. Bankruptcy Court had approved the sale of the Clary Lake dam to the Clary Lake Association, but that announcement is going to have to be postponed for … Continue reading

Posted in Clary Lake Dam, Court Action, Department of Environmental Protecion, Personal Bankruptcy, PPM Bankruptcy, Water Level Order | 2 Comments

June 7, 2018 Bankruptcy Court Hearing Audio

At the U.S. Bankruptcy Court hearing held yesterday afternoon in Portland, Judge Michael A. Fagone denied the Trustee’s Motion for Substantive Consolidation but approved the bid procedures and scheduled dates for the auction and the Sale Motion hearing. Sale Objections … Continue reading

Posted in Court Action, News, Personal Bankruptcy, PPM Bankruptcy, Video Multimedia | 1 Comment

25 May 2018: Motion to Sell Filed in Bankruptcy Court

And we’re off! On May 22nd after weeks of preparation, Bankruptcy Trustee Jeffrey T. Piampiano, Esq. has finally filed with the United States Bankruptcy Court a Motion to Sell the Clary Lake dam to the Clary Lake Association. The Trustee … Continue reading

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10 November 2017: Foreclosure Papers filed on Kelley’s Camden Home

If Kelley’s filing for personal bankruptcy protection came as a surprise the other day, I was shocked to discover during a routine check of the Knox County Registry of Deeds that his home is in the process of being foreclosed: ARVEST … Continue reading

Posted in Personal Bankruptcy, PPM Bankruptcy | 2 Comments

07 November 2017: Paul A. Kelley Jr. Files for Chapter 7 Bankruptcy

Paul A. Kelley Jr., principal of the now-defunct Pleasant Pond Mill LLC and presumed owner of the Clary Lake dam has filed for Chapter 7 Bankruptcy. This bankruptcy filing is not to be confused with the Pleasant Pond Mill LLC … Continue reading

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10 May 2017 Lincoln County News: Despite Bankruptcy, Clary Lake Dam Situation ‘Status Quo’

Lincoln County News staff writer Abigail Adams attended the May 1st bankruptcy meeting of creditors and has written an article about it appearing in this week’s Lincoln County News. It’s a good, factual article but like the recent article in … Continue reading

Posted in Court Action, Medius L3C, News, Newspaper Article, PPM Bankruptcy, Rubin/Ayer Lawsuit, Superior Court | Leave a comment

10 April 2017 Central Maine Papers: Whitefield Dam Owner Files For Bankruptcy Protection

A new Central Maine Papers article by KJ staff writer Jessica Lowell appeared on-line last night and will be in today’s print edition. It is about Pleasant Pond Mill LLC’s [PPM] mind-boggling decision to file for bankruptcy, it also contains … Continue reading

Posted in Department of Environmental Protecion, Medius L3C, Newspaper Article, PPM Bankruptcy, Rubin/Ayer Lawsuit, Water Level Order | 2 Comments