The future of a Hawke's Bay winery hangs in the balance as creditors claim they’re owed $565,000.

And the local grape growers' association is warning that Park Estate Winery may not be the only winery to hit hard times.

A group of more than 60 unsecured creditors say the winery owes them $565,000. The winery disputes the amount.

Twenty-eight creditors met Thursday  to vote on whether to accept a proposal by the winery that would see the debts go unpaid for a further 11 months.

Park Estate winery is the second big wine producer to face financial trouble this month.

Westpac pulled the plug on Auckland’s  Awatere vineyard last week.