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Yak Timber files for bankruptcy after its parent village corporation is sued for $13M

A timber company owned by Yakutat’s village corporation has filed for bankruptcy after a bank sued over $13 million in outstanding debts.

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Yak Timber files for bankruptcy after its parent company, the village corporation, is sued for $13M

It’s the latest chapter in the story of a contentious logging operation that many of the corporation’s shareholders didn’t support.

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Letter from Yakutat: Deep cuts on the Lost Coast

A modern-day furor erupted when Yakutat’s Indigenous-owned village corporation began a timber harvest at Humpback Creek.

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Rifts widen over Yakutat village corporation's expanded logging

Rifts widen over Yakutat village corporation's expanded logging
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Rifts widen over Yakutat village corporation's expanded logging

Rifts widen over Yakutat village corporation's expanded logging
kcaw.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kcaw.org Daily Mail and Mail on Sunday newspapers.

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