Teufel Nursery clears bankruptcy, paying off debts By Eric Mortenson, The Oregonian

Fredrick D. Joe/The Oregonian

Teufel Nursery, a 120-year-old Portland business, reorganized under a plan approved in U.S. Bankruptcy Court this week. The company remained in operation during bankruptcy proceedings, and in August installed landscaping at the new Allison Spa & Resort in Newberg.

The first 120 years in business were rosy compared to the past seven months for Teufel Nursery, a Portland-based commercial landscaping firm. The company's sole lender, Textron Financial Corp., announced last spring it was getting out of the loan business and demanded immediate payment of the $5.3 million Teufel owed.
 

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