Premium denim maker Joe’s Jeans Inc. has entered into forbearance agreements with its lenders, according to documents the company filed with the Securities and Exchange Commission.

The agreements put the lenders on hold from calling in money owed them after the Commerce company defaulted on a loan and revolving credit agreement. CIT Group Inc. is the lender on a $31 million in a revolving credit agreement and Garrison Loan Agency Services holds a $60 million loan.

Joe’s Jeans’ financial troubles began when it acquired neighbor and rival Hudson Clothing Inc. for about $94 million in a deal that closed in September 2013. Since then, the company has defaulted on more than $90 million in debt, much of it used to buy Hudson. Last year, Joe’s reported a loss of $27.7 million, more than three times the prior year’s loss of $7.3 million.

Under the agreement just reached with its creditors, the reprieve period can extend to Nov. 15 if the company doesn’t default on payments and fees owed at that time. Joe’s Jeans also has to stay on a set budget and report results weekly while continuing to use Carl Marks for investment banking for restructuring advice by deadlines set under the agreement.

It may also have to consider either selling all company assets or finding a way to secure enough financing to satisfy all its debts and obligations.