Why Gundulach Bundschu Winery Files for Chapter 11 Bankruptcy Protection
Gundlach Bundschu winery, reportedly California's oldest continuously family-run winery, has filed for Chapter 11 Bankruptcy Act protection. It owes more than $37 million and claims assets of $17.2 million in cash and property.
The largest creditors are American AgCredit, owed $8.8 million, and Tiverton Advisors,