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Bankruptcy

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'

BREAKING: Uncle Nearest Insolvent, Sale Likely by June 30

Uncle Nearest Inc. "is insolvent (and) would be forced to cease operations within 30 days without continued cash infusions by" its principal lender, the Federal court overseeing the company's receivership was told. "Cessation of busienss would cause the loss of nearly 70 jobs and the

Robledo Family Winery Seeks Bankruptcy Protection

Robledo Family Winery, which says it is "the first winery in the United States to be founded by Mexican vineyard workers on their own land," has filed for Chapter 11 Bankruptcy Act Protection. It appears to be yet another bev/al victim of President Trump's trade

Pacific Rim Closing in Bankruptcy

Pacific Rim & Co., once the 12th largest Washington State's winery with annual production of 242,000 cases, is winding down operations. It filed for bankruptcy protection in March. All of its brands – Pacific Rim, Sweet Bliss, Thick Skin, Silver Raven, and Rainstorm – will be discontinued after existing

Judge Readies Sale of Uncle Nearest Martha's Vineyard Property

A federal judge overseeing the receivership of financially troubled Nathan Green Distillery Inc. is preparing to approve sale of property on Martha's Vineyard that is associated with the distillery. The motion is opposed by Fawn and Keith Weaver, founders of the distillery, who say it is essential for

Why Stoli Group Moved to Liquidate 2 U.S. Units

Stoli Group said its two U.S. entities, Stoli Group USA, LLC and Kentucky Owl LLC, filed a motion to convert their Chapter 11 Bankruptcy Act proceedings into to Chapter 7. Control of these U.S. entities will be transferred to a court-appointed trustee, who will oversee the liquidation