Auction of White Birch Paper postponed

A creditor of the White Birch Paper company, has complained about the auction of White Birch Paper's assets.

Service d'Impartition Industrial holds a $1.75 million construction lien on White Birch's FF Soucy plant in Riviere-du-Loup, Quebec, and is unhappy that the auction process would result in their company not recovering any of their unsecured debt.

The auction is suspended until the lead judge in the bankruptcy restructuring case returns from vacation Sept. 7.

Read more:

Quebec judge approves creditor's motion to delay sale of White Birch Paper (Canadian Press)