D&M Publishers Inc., which filed for bankruptcy protection in October, has been granted a second extension for creditor protection. The Supreme Court of British Columbia has given the Vancouver-based publishing house until Feb. 18 to file a proposal to creditors.
The independent publishing house, which includes the imprints Douglas & McIntyre and Greystone Books, initially filed for creditor protection on Oct. 21, 2012, and later received an extension, which was due to expire on Jan. 4.
According to documents filed to the Office of the Superintendent of Bankruptcy Canada, D&M owes a total of $6.2-million to 143 creditors, including authors, literary agents, printers and financial institutions.
The company has been working with trustee the Bowra Group to find an investor or purchaser for its assets.
D&M, Canada's largest independent publisher, was established more than 40 years ago. Among the books it has published: last year's Hilary Weston Writers' Trust Prize for Nonfiction A Geography of Blood: Unearthing Memory from a Prairie Landscape by Candace Savage; last year's winner of the BC National Award for Canadian Non-Fiction, Charlotte Gill's Eating Dirt: Deep Forests, Big Timber, and Life with the Tree-Planting Tribe; and CBC Canada Reads 2013 contender Indian Horse by Richard Wagamese.