<B>CanFibre Group Files Bankruptcy Protection</B>

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.

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October 2000
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