11 months ago
(NEWS CENTER) -- A Canadian court has extended Fraser Paper's protection from creditors.
The company now has until December 4th to outline its re-structuring plan. Fraser filed for bankruptcy protection in June. The company owns a paper mill and two sawmills in Maine: in Madawaska, Ashland and Masardis. Company officials say the paper mill is not affected by the filing, but the sawmills shut down when they ran out of lumber over the summer.
NEWS CENTER
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