Hudson’s Bay could potentially win more time to save 6 stores so far spared from liquidation [Video]

Canada’s oldest company, Hudson’s Bay, may be on the verge of gaining more time to save the six stores it has temporarily been able to rescue from liquidation.

An Ontario court has spent the last two days hearing from lawyers about a proposed restructuring that could help the beleaguered department store find a way forward, but would also put a timeline on how long it has before it will have to sell off the remaining stores.

Ontario Superior Court Judge Peter Osborne adjourned the hearing mid-morning Thursday, promising to make a decision on the agreement later that day or early the next.

When Hudson’s Bay first started floating the agreement, it came with a deadline forcing liquidation of the surviving six stores if the company had no prospect of finding a saviour.

The deadline shifted to April 7 as objections from landlords mounted. Then one of the retailer’s lenders said …