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Bankruptcy

Calistoga Vintner Services Gets $625,000 Loan to Live Another Day

Calistoga Vintner Services and associated companies are in bankruptcy, and the judge overseeing the case allowed them to borrow$625,000 to be repaid before the prime creditor JP Morgan Chase so the business can keep operating while the case goes on. That's a good thing, at least

Judge Okays Bankruptcy Sales of RNDC Michigan Business

A federal judge approved the sale of Republic National Distributing Co.'s Michigan wine business to Great Lakes Wine & Spirits, Imperial Beverage Company and Vintage Wine, as well as the acquisition of its authorized distribution agent business equity by Great Lakes Wine & Spirits. The parties entered into

Judge Rejects Sherry-Lehmann Racketeering Claim Against CEO, Reporters

A federal judge dismissed a lawsuit in which Sherry-Lehmann, once one of the iconic wine sellers of the U.S. and now in Chapter 11 Bankruptcy Act protection, accused its former CEO, Michael Aaron, and New York Times reporter James Stewart of sharing a common purpose in trying to

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,

After 15 Years, New Neighbors Force Winery Bankruptcy

There is something fundamentally unjust in Moon Dancer Vineyards & Winery having to filed for Chapter 11 Bankruptcy Act protection on Monday (9/11). It says it has between $100,000 and $500,000 in assets and owes more than $1 million. Its largest unsecured creditors include M&T

RNDC Shedding Leases as It Moves Into Asset Wind Down

Republic National Distributing Co. is seeking court approval to reject additional unexpired leases and to abandon related personal property as it continues a process that began shortly after it filed for Bankruptcy Act protection in July. Where buyers can be found, RNDC is seeking to sell its operations. Where they

Here's How Much RNDC Owes Its Suppliers

We reviewed Republic National Distributing Company's Chapter 11 Bankruptcy Act petition. The petition indicates that once all transactions are completed, the company expects to have cash to pay some undisclosed amount to its unsecured creditors, who primarily include suppliers, landlords and in some cases financial institutions.. Here'