FREE! Subscribe to News Fetch, THE daily wine industry briefing - Click Here


SPONSORED BY:
<Future Wine Expo
SPONSORED BY:

Ardagh Group. Bottles Born & Backed in the USA. Locally manufacturing quality glass for more than 125 years. Find your perfect bottle.

Barrel Stop Faces January Deadline For Ch11 Plan Approval

Barrel Stop Winery of Napa (also dba Dominari Winery) must gain creditor approval for a Chapter 11 plan by January 15, 2012 or be converted to Chapter 7 liquidation according to an order by Judge Alan Jaroslovsky of the U.S. Bankruptcy Court for the Northern District of California.

Barrel Stop’s most recent filings list $8,617,521 million in assets and $7,839,350 million in liabilities. Of the liabilities, $6,375,325 million are in secured debt.

The complete list of creditors (both secured and unsecured) and other financials can be found in the complete Summary of Schedules filed with the bankruptcy court.

According to another court document — its Statement of Financial Affairs — Barrel Stop/Dominar is 51% owned by Jurgen and Marie Schutz with the remainder owned by Michael and Marieann Perri, all of Napa.

That Statement of Financial Affairs also revealed business income for the past three years and  a number of lawsuits, liquidations and liens.

Wine Executive News subscribers please click here to read the complete article.

The full text of this article is available to subscribers of Wine Executive News. Click here for more details.

PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF BARREL STOP