Receiver files final petition in Columbia Pulp default


December 28, 2023

-File photo

Columbia Pulp started in 2015, halted operations in February, 2022, foreclosure action was initiated in March, 2022, and Paladin Management Group was appointed as receiver in August, 2022.

DAYTON–Pending approval of a final order on January 3, 2024 in a King County Superior Court room, the defunct Columbia Pulp I, LLC will be no more.

UMB Bank, N.A. was left holding the bag to the tune of $246,378,528.25 after two secured claims were satisfied by the proceeds from the sale of Columbia Pulp's assets earlier this year, information in court documents pertaining to the Columbia Pulp I,...

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