July 11, 2004

Yahoo! News - B.C. court gives New Skeena another month to firm up restructuring plan

Mon Jul 5, 9:31 PM ET

VANCOUVER (CP) - A B.C. Supreme Court judge extended insolvent New Skeena Forest Products' creditor protection for another month Monday so it can finalize its deal with a new investor. "
 
*** The company has been forced into bankruptcy protection three times since 1997, racking up almost $1 billion in total debts. ***
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Hmmm? I wonder how many suppliers lost money all three times the company went bankrupt?
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