PORTLAND, Maine (AP) — A rail company whose runaway oil train caused a fire and explosion that killed 47 people in a small town in Canada filed for bankruptcy protection in the U.S. and Canada on Wednesday, and an attorney said he expects company executives to explore putting it up for sale within weeks.
In its filings, Montreal, Maine & Atlantic Railway Ltd. and its Canadian counterpart, Montreal, Maine & Atlantic Canada Co., cited debts to more than 200 creditors following the disaster in Lac-Megantic, Quebec.
