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Wine Industry Insight
The sale of financially troubled Renwood Winery has moved a step closer with theÂ approval of a consent agreement that will allow the assets to be sold free and clear of liens and lawsuits.
Robert S. Bardwil, U.S. Bankruptcy Court Judge for the Eastern District of California, has approved a compromise consent agreement in the case of bankrupt Renwood Group which owns 95 percent of Renwood Winery and 100 percent of Renwood Vineyard Properties.
Renwood Winery has not filed for bankruptcy, but has been under the administration ofÂ court-appointed receiver Winston Mar who has been trying to sell the winery.
The sale has been thwarted by a lack of agreement among: Rabobank, W.J. Deutsch & Sons, Renwood Group’s bankruptcy Trustee David Flemmer, and Robert Smerling.
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