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Neville Log Homes Corp.- Montana based log home builder files bankruptcy on Canada plant
A U.S.-based log home manufacturer that built a multimillion-dollar plant here seven years ago has been bankrupted by Canadian property taxes and stumpage fees, its owner said Wednesday.
Neville Log Homes Corp., a Canadian arm of Montana-based Neville Log Homes, declared bankruptcy Oct. 23, leaving no assets and $2 million in debts.
Two of the largest creditors are the Adams Lake Indian Band, owed $93,000, and the Kamloops Indian Band, which is left holding a $77,000 debt. The 74 creditors include Revenue Canada and WorksafeBC.
Full Story: http://www.canada.com/vancouversun/news/westcoastnews/story.html?id=bd0de5be-7e3a-4e16-b8b2-7d5d5328d7e2
(Many thanks to the Montana Chamber of Commerce http://www.montanachamber.com/ for bringing this to our attention. Russ)
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