Port Alberni creditors of the San Group hope they’ll get paid after protection filing

By Kendall Hanson
CHEK TV
December 6, 2024
Category: Business & Politics
Region: Canada, Canada West

Port Alberni businesses who are creditors of the San Group, a Langley-based company with two lumber mills in the Alberni Valley, are reeling — some saying they’re still owed money. The San Group recently filed for creditor protection with court documents showing it owes $194 million. Michael Ryles owns a company the San Group owes money to after selling a log-loader to the company. Ryles is one of several Alberni business owners CHEK News spoke to Friday, with some saying they’re still owed tens of thousands of dollars. Ryles is sympathetic to the San Group and hopes it will find a way forward to help the Alberni Valley. …The San Group’s Port Alberni manufacturing plant was behind a locked gate Friday, and no noticeable work was happening inside. …The company’s next creditor protection hearing happens Monday in Vancouver.

Read More