Disposition of Columbia Pulp's unexpired leases to be heard in King Co. court

SEATTLE–The receiver for Columbia Pulp I, LLC has filed motions to reject unexpired leases and a hearing is set for August 15, 2023, in King County Superior Court.

Two leases were to HYG Financial Services, Inc., which operates under the names Hyster Capital and Yale Financial Services, according the HYG Financial Services website. Hyster and Yale are national brands of forklift equipment, according to the website. Five leases were to Pacific Office Automation, (POA) a company which leases office equipment.

Wells Fargo Bank, N.A., is the servicing agent for both HYG and POA, court documents indicate.

Receiver Lance Miller declared that the Receiver rejects the contracts and unexpired leases as the "receivership estate receives no benefit from the Leases."

Information regarding a June auction of the company's assets has not been disclosed.