From Mark Lovelace
Understanding the Palco Chapter 11 Case
Fortuna River Lodge
A coalition of environmental, labor, and forestry organizations are presenting a free public workshop to help the community understand the Pacific Lumber Company’s bankruptcy. The workshop will be held at the Fortuna River Lodge on Friday evening, March 2nd, from 6 to 8 pm. The event is being sponsored by the Humboldt Watershed Council, the Alliance for Sustainable Jobs and the Environment, and other partners.
The purpose of this workshop is to help the public understand what Chapter 11 is, how the reorganization process works, the specifics of the Palco case, and some of the possible outcomes. The event will feature a presentation by Peter Clapp, an attorney with many years’ experience in corporate bankruptcy law. Mr. Clapp will explain the details of the process, what’s at stake, who the parties are, and some of the significant issues which have emerged so far.
This educational workshop is designed to be useful to anyone with either a financial stake or an interest in the Palco bankruptcy, including workers, retirees, contractors, and community members. The presentation will be followed by a facilitated question-and-answer session to allow attendees to further explore the Chapter 11 process and specific relevant issues.
For more information, please contact: