Tree Frog Forestry News

Sawmill deadline extended

By Mike Aiken
Kenora Online
May 21, 2020
Category: Business & Politics
Region: Canada East, Canada

Creditors and mill workers will have to wait just a bit longer. A bankruptcy court in Winnipeg has granted a fourth extension until May 29th, next Friday, as Prendiville Industries continues to work with creditors and the courts. The company filed for bankruptcy protection before Christmas. They’d accumulated debts of close to $30 million, and the pandemic hasn’t helped. Softwood tariffs imposed at the American border have also been a factor. The company has about $9 million in disputed fees involved in litigation between Canada and the U.S., and there’s still hope this money can be recovered, at least in part.

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