Friday, May 21, 2010
Court hearing for Terrace Bay Pulp next week
The legal manoeuvering continues to get Terrace Bay Pulp back in operation. The mill is owned by Thunder Bay's Buchanan Forest Products and has been under court protection from creditors. Now the company lawyer, Yves Fricot, says they will be back in Ontario Superior Court May 26th. He says at that time they will ask the court to set a date in June in which creditors can vote on the company proposal. Fricot says if the creditor vote succeeds then Terrace Bay Pulp can exit court protection and is the key piece that will start the mill back into operations.