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).