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Mechanics Bank, which holds more than $3.6 million of first-priority promissory notes for the bankrupt Barrel Stop/Dominari Winery, has charged that:
No response has been filed yet on behalf of Barrel Stop/Dominari. The company had been given a January 15 deadline by the court to present a plan for emerging from bankruptcy or face Chapter 7 liquidation. That deadline was extended to March 30.
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PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF BARREL STOP/DOMINARI WINERY
Barrel Stop Faces January Deadline For Chapter 11 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 … October 19, 2011
Barrel Stop/Dominari Files Chapter 11 Bankruptcy
Custom-crush winery Barrel Stop, which also produced its own wine under the Dominari label, filed for Chapter 11 Bankruptcy protection early today, July 28. The company had previously defaulted on its real-estate and equipment loans to Mechanics Bank and faced a foreclosure sale, also today. That sale was postponed by the Chapter 11 filing … July 28, 2011
Foreclosure Sale Date Set for Napa’s Barrel Stop/Dominari
Custom-crush winery Barrel Stop, which also produces its own wine under the Dominari label, has defaulted on its real-estate and equipment loans to Mechanics Bank and faces a foreclosure sale in July. The company also must deal with IRS liens and a Napa Superior court judgment from a custom-crush customer that sued over misplaced wine … June 15, 2011
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