California winery faces buyer deadline after $12.7m judgment and Chapter 11 case
California's 45-year-old Adelaida Vineyards faces an October 15 deadline to find a buyer after a family dispute led to a $12.7 million court judgment and bankruptcy filing. Court documents estimate its sale value at $3.8 million to $6.7 million, compared with $1.4 million to $2.8 million through liquidation. A proposed family settlement could prevent its closure.
Key Takeaways
- California's 45-year-old Adelaida Vineyards faces an October 15 deadline to find a buyer after a family dispute led to a $12.7 million court judgment and bankruptcy filing.
- Court documents estimate its sale value at $3.8 million to $6.7 million, compared with $1.4 million to $2.8 million through liquidation.
- A proposed family settlement could prevent its closure.
California's 45-year-old Adelaida Vineyards faces an October 15 deadline to find a buyer after a family dispute led to a $12.7 million court judgment and bankruptcy filing. Court documents estimate its sale value at $3.8 million to $6.7 million, compared with $1.4 million to $2.8 million through liquidation. A proposed family settlement could prevent its closure.
Original Publisher Attribution
This summary was curated from Times of India.