Organic Meadow says it will be ready by the July 31 deadline
to file a plan with the court to emerge from bankruptcy protection from its
creditors.
The farmer-owned business owes the Ontario milk marketing board
and many others millions of dollars it was unable to repay.
The marketing board put the business on a cash-on-delivery
basis which precipitated the move to seek protection from creditors under the
Co-operative Creditors Arrangement Act.
