Voluntary administrators of Surfstitch, FTI Consulting, have secured an extension of the convening period as the brand continues its sale of assets.
Administrators John Park, Quentin Olde and Joseph Hansel filed an application in the Federal Court of Australia to extend the convening period.
Federal Court of Australia justice Gleeson made orders to extend the convening period to December 21.
This will allow the company to hold its second meeting of creditors at any date up to January 2, 2018.
The company has already completed the sale of its international online surf forecasting and content network, Magicseaweed and its surf publication, STAB magazine.
FTI Consulting joint administrator said the sale of magicseaweed to US-based company Surfline was the best outcome for the site.
"The transaction ensures the continuity of the business and is a good outcome for the Magicseaweed business and its employees."