Business Services Industry
Bankrupts Portland, Ore., Lumber Company Considers Selling.
Knight Ridder/Tribune Business News, April, 2004
By Dylan Rivera, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News
Apr. 24--Crown Pacific has taken steps toward selling off assets to pay off its creditors, the bankrupt Portland lumber company told the Securities and Exchange Commission this week.
"We will likely not emerge from Chapter 11 intact," Crown Pacific said in its annual Form 10-K financial report, filed with the SEC on Thursday.
Facing the likelihood that the company will be forced to sell its timberland and possibly other assets, Crown Pacific wrote down the value of its timberland by $100.7 million, its Alliance Lumber unit by $2.2 million and its manufacturing by $800,000.
Accountants with PriceWaterhouseCoopers devalued the company's assets...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
