Meadow Creek Cedar deadline extended

Creditors of Meadow Creek Cedar have agreed to give the company more time to pay its debts.

Creditors of Meadow Creek Cedar have agreed to give the company more time to pay its debts.

“The decision to extend 60 days from August 8 was approved by majority vote,” Ben Franklin of trustee Murphy and Associates said in an email.

Franklin didn’t indicate how many creditors actually voted.

Meadow Creek owes $71,000 to Canada Revenue Agency and a total of $91,000 to over 50 unsecured creditors. They missed a March 7 deadline to make their final payments under an arrangement reached in 2009.