YAK TIMBER INC Bankruptcy Filing
Case Number: 23-00080
YAK TIMBER INC filed a 11 chapter bankruptcy in the District of Alaska bankruptcy court on May 11, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-00080.
YAK TIMBER INC Filing Information
The bankruptcy petition for YAK TIMBER INC showed assets in the range of $10MM - $50MM with liabilities in the range of $10MM - $50MM. YAK TIMBER INC reports that the number of creditors is in the range of 1-49.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
YAK TIMBER INC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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YAK TIMBER INC Docket Header
Efiled, 341concluded, ConfirmedPlan |
District of Alaska (Juneau)
Bankruptcy Petition #: 23-00080
Assigned to: Gary Spraker Chapter 11 Voluntary Asset |
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| Debtor Yak Timber Inc PO Box 236 Yakutat, AK 99689 YAKUTAT-AK Tax ID / EIN: 84-3170877 |
rep. by |
Terry P. Draeger
Beaty & Draeger, LTD. 3900 Arctic Blvd #101 Anchorage, AK 99503 (907) 563-7889 Fax : (907)562-6936 Email: draeger @ ak.net J.B. Evans Dorsey & Whitney LLP 101 S Capitol Blvd Suite 1100 Boise, ID 83702-7705 208-617-2528 Email: evans.jb @ dorsey.com Michael R. Mills Dorsey & Whitney LLP 1031 West Fourth Avenue, Suite 600 Anchorage, AK 99501-5907 (907)276-4557 Fax : (907)276-4152 Email: mills.mike @ dorsey.com |
| U.S. Trustee Office of the U.S. Trustee 700 Stewart Street, Suite 5103 Seattle, WA 98101 (206)553-2000 |
rep. by | Kathryn Evans
DOJ-Ust 700 Stewart Street Suite 5103 Seattle, WA 98101 206-553-2000 Email: Kathryn.Evans @ usdoj.gov |