U.S. Bankruptcy Judge Kevin Gross stated that he would would sign an order allowing NewPage Corp to borrow as much as $600 million to keep operating as it tries to recover at least $2.6 billion in bonds after the bankruptcy it has faced for the next several weeks once attorneys for NewPage, its bondholders and JPMorgan Chase & Co., which is the company arranging the loan, work out a final plan. NewPage, which a company based in Miamisburg, Ohio, filed the biggest bankruptcy of 2011 by assets, citing $3.4 billion in assets and $4.2 billion in debt as of June 30. The bankruptcy stricken company has been asked to return to court on Oct. 4 to seek final approval of the loan for funding it's operations. CreditSights Inc., a debt-research firm reportedly stated that NewPage's bankruptcy may lead to a power struggle among four of the biggest debt-investment for acquiring a controlling stake in the company.