The largest privately owned logging company in B.C. has filed for creditor protection, saying it no longer has the cash flow to maintain operations and pay off its debts. Surrey based Teal-Jones Group with operations throughout the province and the United States, filed its request in B.C. Supreme Court on April 24. The company has been in business since 1946 and said it’s been largely profitable over the decades. However, Teal Jones said in its filing, a combination of falling lumber prices and rising inflationary pressures since the beginning of 2023 have landed it in a place where it can no longer meet obligations to creditors on time. …As part of its application, Teal Jones has chosen international business advisory company PricewaterhouseCoopers Inc (PWC) to act as a monitor over the process. It will be PWC’s responsibility to report to the court on Teal Jones’ operations and help with developing a plan of arrangement.