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Posted by Shannon

The B.C. Supreme Court has granted Vancouver publisher Douglas and McIntyre a 45-day extension to file a creditors’ proposal, the company said in a news release.

D&M Publishers caught Vancouver’s book community off guard October 21, when it filed a Notice of Intention under the Bankruptcy and Insolvency Act, which put the company under protection from creditors until Nov. 21. That period has now been extended to Jan. 4, 2013.

D&M is working with a trustee, the Bowra Group, to find an investor or purchaser for its assets and will be accepting offers until 2 p.m. November 26. The company remains in operation until then.   - Read more