BC Tree Fruits Cooperative files for creditor protection
BC Tree Fruits Cooperative files for creditor protection
Due to extremely low estimated tree fruit volumes, weather effects, and difficult market and financial conditions, BC Tree Fruits Cooperative determined it will not be able to effectively operate the business moving forward. On Aug. 6, the Canadian Imperial Bank of Canada issued a demand for repayment, and in order to downsize or liquidate the cooperative BCTFC filed for creditor protection Aug. 12.