FREDERICTON — A New Brunswick court has granted a seventh extension of the creditor protection for companies owned by a New Brunswick farmer jailed in Lebanon.
Court of Queen’s Bench Judge Lucie LaVigne has given the companies until March 16 to conclude an agreement with their largest creditor — the Bank of Montreal.
The bank is owed more than $9 million.
Henk Tepper’s lawyer, Bob Creamer, says the judge found that the companies are acting in good faith and with due diligence.
An agreement with the farming operation’s other creditors was reached last month.
The Tepper companies have been under creditor protection since June 2011.
Tepper has been jailed in Beirut since March of last year on allegations that potatoes he exported to Algeria in 2007 were rotten and that he forged trade documents.
