Owner of derailed train in Canada files for bankruptcy
The owner of a train that derailed in Canada last month killing 47 people has filed for bankruptcy.
Montreal, Maine & Atlantic said the move was a direct result of the July 6 accident in the Quebec town of Lac-Megantic.
The train was carrying crude oil in 72 tanker cars when it de-railed at high speed and exploded.
The company filed papers with a court in Montreal stating that their financial obligations as a result of the disaster now exceed the value of their assets.
