CanFibre Group Riverside unit filed for chapter 11 protection, listing assets and debts of more than $100 million each in court papers.
In August, Toronto-based CanFibre said its Riverside medium density fiberboard facility had incurred operating losses but that its sales to Home Depot "continued unabated."
In court papers, Riverside said the largest unsecured claims against it are $85 million in bond debt held by Bank of New York as indenture trustee; and $15 million in subordinated notes held by Enron Corp. unit, Enron Capital & Trade Resources Inc of Houston, Texas.
Explore the October 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Equipment from the former Alton Steel to be auctioned
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative