Friday, July 13, 2012

Russian River Vineyards fights liquidation effort

Russian River Vineyards, which sought protection in U.S. Bankruptcy Court last year while it attempted to reorganize its finances, is now fighting efforts to liquidate the Forestville winery and restaurant.

A federal trustee wants to convert the bankruptcy from Chapter 11, which has allowed the company to continue operating while it develops a repayment plan, to Chapter 7, which would force it to sell its assets and shut down.

A hearing in the Santa Rosa court, originally scheduled for Friday, was postponed for a week at the company's request.

Read full article in the Press Democrat

No comments:

Post a Comment