The Senior Vice-President of BDO in Winnipeg says efforts are underway to sell Mid Canada Millwork in Steinbach on behalf of the financial institution that is the principal secured creditor.

Bruce Caplan says BDO is acting as the receiver. He says the property will be sold to recover money that is owing to the bank. Caplan adds, if there is any money left over, it would go to other secured creditors and then unsecured creditors.

Mid Canada Millwork shut down its plant October 5th as it worked with MNP to set up a financial restructuring plan. Mid Canada's protection from creditors expired last Thursday and that's when the company was placed into receivership.