Douglas & McIntyre wins extension in bankruptcy proceedings

by Brian Lynch on Nov 20, 2012 at 6:38 pm

Financially troubled local publishing house Douglas & McIntyre announced today that the Supreme Court of B.C. has granted the company a 45-day extension to file a proposal to its creditors.

D&M was placed under creditor protection back on October 21, when it filed a notice of intention to make this proposal. The protection was set to expire tomorrow (November 21), a deadline that has now been moved back by the extension to January 4.

This latest development in the 41-year-old company’s ordeal comes just days after one of its titles—The Return, by celebrated Montreal novelist Dany Laferrière—joined the long list of nominees for next year’s prestigious (and lucrative) International IMPAC Dublin Literary Award.

D&M continues to operate, despite the turbulence. The Bowra Group, a firm acting as the publisher’s trustee, is searching for a purchaser or investor for its assets. Offers are being accepted until 2 p.m. Monday (November 26).

Comments (3) Add New Comment
Louise Leclair
Nov 22, 2012 at 6:13 pm
Does the B.C. government not have a stake in working hard to ensure that this important cultural icon remains an active creative industry in our province? After all, publishing at the scale and quality of D&M offers an immense boost to arts and culture in this province.
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hms
Nov 22, 2012 at 11:47 pm
Well said L. Leclair - what is the BC govt doing to support this excellent BC publishing company? It's a tragedy for all of us if it dies.
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John K. Grande
Dec 10, 2012 at 6:18 am
Douglas & McIntyre plays a very important role in maintaining Canada's national and international cultural profile.
As such, the Canadian Government should offer support in to the tune of several million. The alternative is we lose one of the main proponents of our living heritage and culture.

John K. Grande
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