This afternoon, Nova Scotia time, the British Columbia Supreme Court will hear arguments on whether Northern Pulp and six affiliates should get yet another six-month extension – their eighth – of the creditor protection the Paper Excellence companies have been enjoying since June 2020 under the Companies’ Creditor Arrangement Act or CCAA.
Given the history of the case, the odds are that Northern Pulp, which owns the 55-year-old pulp mill in Pictou County, will get what it is asking for again today.
Source: Halifax Examiner
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