When Northern Star Natural Gas
declared Chapter 7 bankruptcy this month, liquified natural gas opponents cheered. And local law firms took a hit.
Northern Star threw in the towel
after years of trying to build an LNG terminal at Bradwood Landing, an old mill site on the Oregon
side of the Columbia River in Clatsop County. All the regulatory, legal and political hurdles required lots of lawyers, consultants and spin doctors, who probably won't collect much if any of the monies owed when Northern Star gave up.
In its filings
[PDF], (split in two
because they are big), Northern Star listed $268,000 in assets and more than $21 million in liabilities.
Among the local law firms holding the bag:
, two unsecured claims totaling $1.35 million
Garvey Schubert Barer
Northern Star also owes $280,000 to the Portland office of the Edelman public relations firm.