Northern Pulp owes $309M to creditors, document shows

Northern Pulp owes nearly $309 million to creditors, according to documents released this week.

Most of the money is owed toB.C.-based Paper Excellence, Northern Pulp's parent company, as well as the province of Nova Scotia.

Paper Excellence is owed $213 million and the province $84 million.

Northern Pulp owes$4.9 million to employee severance and continuation payments. It also owes $1.25 million to Terrapure, a waste storage and packaging company, and $500,000 to Air Liquide Canada Inc.

The full list of creditorscan be foundhere.

Northern Pulp filed for protection from its creditors last week.

On Friday, the company was at a hearing looking to extend that protection. Ernst & Young was appointed as the monitor on the file.

Northern Pulpis hoping to reopen in Nova Scotia. It is in the process ofreorganizingand restructuring.

The AbercrombiePoint, N.S., mill closed when the provinceforced Northern Pulpto shut down its Boat Harbour effluent treatment plant at the end of January.