Lake Cowichan Gazette, May 29, 2013

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WEDNESDAY, MAY 29, 2013

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VOL. 17, NO. 22 | $1 + GST

Municipal News: B&B regs Public meeting Electric ‘fuel’ PAGES 3, 5

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www.lakecowichangazette.com

Hockey draft: Josh Anderson ranks third overall PAGE 16

Soap Box Derby and Strawberry Tea kick off Lake Days PAGE 9

Grade 4 school option decision not an easy one

Johel Brothers restructuring under creditor protection Reorganizing: Johel confident mainstay valley firm will be able to get back on its feet again

Ashley Degraaf

LAKE COWICHAN GAZETTE

Parents in Lake Cowichan have until Friday to decide if they will keep their Grade 4’s at Palsson Elementary or send them to the high school in September. “With the reconfiguration announcement, parents of Grade 4 students have the option for the students to stay at Palsson for Grade 4, or move over to Lake Cowichan Secondary School which is being renamed Lake Cowichan School,” explained LCSS principal Nicole Boucher last week. “I think it was a respectful decision to give parents a choice. I think for some parents it will be an easy decision, but some are still looking for more information.” Boucher, along with vice-principal Dani Garner, Palsson principal Fergus Horsburgh and A.B. Greenwell principal Jann Drake, held an information session at the school last Thursday for folks looking for more information. Mixed reaction on what parents plans was still the consensus this week. Mike and Belinda Waller, however, have settled on sending their daughter Jill to the high school. “For me and Mike, first and foremost it was about the building space. (Palsson) is already so small and the thought of two more portables there didn’t sit well,” she said Monday. “I’m comfortable with the community there,” she added of Lake Cowichan Secondary’s setting, which under the new name effective July, will see students from Grades 4 to 7 studying on the upper floor and the remainder of students in Grades 8 to 12 on the first floor.

Peter W. Rusland LAKE COWICHAN GAZETTE Johel Brothers Contracting Ltd., a valley excavating-and-development pillar, has filed for creditor protection, owner Dave Johel confirmed Thursday. “We filed under the Companies’ CrediEXTENDED MAY 31ST tors Arrangement Act,” he toldTOthe Gazette, dismissing reports his Lake Cowichan† firm was based EXTENDED TO MAY 31ST bankrupt. FINANCING business asMONTHS FOR UP“It’s TO usual. We’re out bid† ON SELECT MODELS ding and going ON forSELECT MODELS it,” he said, admitFINANCING MONTHS FOR UP TO ting his company is struggling with ON SELECT MODELS ON SELECT MODELS tough economic 20 INCLUDES $3,100 IN PRICE ADJUSTMENTS 13 times. “We definitely 2012 CANADIAN AND INCLUDES: 6 AIRBAGS • iPODsome /USB/AUXILIARY INPUT JACKS need tuning NORTH AMERICAN • POWER WINDOWS & DOOR LOCKS • ABS WITH TRACTION CAR OF THE YEAR CONTROL SYSTEM • DUAL HEATED POWER EXTERIOR MIRRORS up.” Owner of Lake CowichanMechanics of the OWN IT FOR 2012 CANADIAN AND based Johel Brothers, Dave CCAA action — † ♦ NORTH AMERICAN $ % + SAVE Johel.$ CAR OF THE YEAR through accounting firm PricewaterOWN IT FOR houseCoopers, and law firm Borden Ladner † ♦ $ % + SAVE $ Gervais —NO proactively letDOWN Johel Brothers MONEY legally reorganize to a firm financial position. “It puts a stay on everyone so they can’t hound you while you restructure and regroup,” NO MONEY DOWN INCLUDES: AIR CONDITIONING • HEATED FRONT SEATS 20 • AUXILIARY MP3/USB/iPOD INPUT • SIRIUS XM RADIO WITH Johel said. 13 BLUETOOTH HANDS FREE PHONE SYSTEM • POWER SUNROOF PricewaterhouseCoopers’ website describes OWNthe IT FOR CCAA process as allowing a company affairs $ to restructure its financial $ through a ♦ %†+ SAVE formal plan of arrangement. OWN IT FOR “The CCAA presents an opportunity for the ♦ $ %†+ SAVE $ company to avoid bankruptcy, and allows the MONEY DOWN creditors toNO receive some form of payment for amounts owing to them by the company.” Andrew Leong

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