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Published July 30, 2009, 06:47 AM

Canola-crushing plant’s creditors out money

Eleven creditors who are owed money by a defunct canola crushing plant in northeastern North Dakota will get only a few cents on the dollar, if a court approves the recommendation of the North Dakota Public Service Commission. Northwood Mills LLP of Northwood owes its creditors nearly $861,000. It had only a $50,000 bond, and no other cash assets.

BISMARCK (AP) — Eleven creditors who are owed money by a defunct canola crushing plant in northeastern North Dakota will get only a few cents on the dollar, if a court approves the recommendation of the North Dakota Public Service Commission.

Northwood Mills LLP of Northwood owes its creditors nearly $861,000. It had only a $50,000 bond, and no other cash assets.

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