XML FeedsPricewaterhouseCoopers has cheques in the mail for those owed by Pope & Talbot
Feb 2, 2009 | In Financial News | Send feedback »
PricewaterhouseCoopers, the receiver for the bankrupt Pope & Talbot, has mailed out cheques to 95 contractors and suppliers.
Crystal Larder, of Mountain Meadows Contracting, is expecting to receive a cheque for $89,000 of the $91,000 her family-owned business was owed by Pope & Talbot.
For the small companies that are the backbone of the logging industry in Larder’s village of Nakusp and other small Kootenays communities, the repayment brings them one step closer to ending another painful chapter in the Pope & Talbot debacle.
The contractors also lost their harvesting rights in the bankruptcy of Pope & Talbot. The rights, in most cases, are worth more than the money they were owed, Larder said.
Read more:
Kootenay logging firm repaid — finally (The Vancouver Sun)
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