PORTLAND, Maine (AP) The bankrupt railroad whose runaway train sparked a fire and explosion that killed 47 people in Quebec could be sold by year's end, the company's trustee said Thursday.

Montreal, Maine & Atlantic Railway has made no secret that the railroad's sale will be necessary to repay creditors and victims following the July 6 disaster in Lac-Megantic, Quebec.

Railroad trustee Robert Keach said Thursday that he's already been approached by "several" potential buyers.

Any proceeds from the sale of the Hermon-based company would be used to repay creditors and victims, supplementing $25 million in insurance payouts available for wrongful death, personal injury, property damage, fire suppression and environmental cleanup.

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Critics have said the insurance policy is inadequate and won't even cover the cleanup costs.