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The Chapter 11 bankruptcy of Murphys-based Albeno Munari Winery & Vineyards has been converted to Chapter 7 liquidation for failure to make timely payments as scheduled in its reorganization plan. Albeno Munari Winery & Vineyards is the former Stevenot Winery. Judge Ronald H. Sargis of the U.S. Bankruptcy Court for the Eastern District of California […]
Sutter Creek-based Oliveto Distributing Inc. finally closed its purchase of the Stevenot wine brand on Feb. 24 when a bankruptcy court confirmed the Chapter 11 reorganization plan of Golden Eagle Estates LLC. Jack Munari, the principal of Golden Eagle Estates purchased the Stevenot Winery and brands from Barden Stevenot in 2006 and took it into […]
With only one of 2009’s bankruptcy cases completed (Conti Estate/Charles B. Mitchell), 2010 is shaping up to be a bare-knuckle brawl as many of the current case contenders harden positions and sharpen their legal attacks. Wine Industry Insight has covered the latest developments in New Vine’s Chapter 7 bankruptcy in a separate article. DIAMOND OAKS […]
VIP Subscribers click here to read the complete, un-redacted article. In This Article: The full text of the following sections is available to VIP Premium Subscribers). WINERY DISPOSITION/MOBIUS PAINTER: KEN WILSON OUT, NEW BUYER IN Click Here For Previous Wine Industry Insight Reporting On Mobius Painter CONTI: HEARING SCHEDULED ON LIQUIDATION Click Here For Previous […]
Golden Eagle Estates, doing business as Stevenot Winery, is scrambling to avoid foreclosure and has filed a complicated reorganization plan which hinges upon the sale of the brand and existing inventory and the willingness of its primary secured creditor to allow continued operation at the current facility. A hearing is scheduled for 10:30 a.m., Sept. […]
After weeks of wrangling over the appointment of a U.S. Trustee [$VIP]to oversee the winery’s operations, a hearing has been scheduled for 1 p.m., June 24 in Sacramento Bankruptcy Court. Among notable new filings: Stevenot filed a disclosure statement for its reorganization plan [$VIP]. The creditor’s committee has filed an objection to the plan [$VIP]. […]
Bankruptcy Trustee supporters — including attorneys for the U.S. Department of Justice (DoJ) — will square off in court April 27 with Stevenot Winery and its supporters who have opposed the trustee appointment with increasingly heated language. DOJ DISHES OUT ACCUSATIONS OF INCOMPETENCE AND MISMANAGEMENT NO ONE KNOWS WHAT HAPPENED TO ALMOST $9 MILLION “BOGUS” […]
The current management of Stevenot/Golden Eagle Estates “has engaged in gross mismanagement” and should be placed under the care of a Chapter 11 Trustee, according to a court filing by U.S. Department of Justice attorneys [VIP Subscriber link]. MUNARI “SIPHONED” $841,522.90 FROM ACCOUNTS IN 2008 As first reported by Wine Industry Insight on Feb. 5, […]
The deedholder for Stevenot Winery’s real estate has asked for Chapter 11 proceedings to be tossed so that it can foreclose on the property. A hearing on the request by BaySierra Financial will be held in Modesto at 10:30 a.m., on Feb. 18 at the Federal Bankruptcy Court. A status hearing is still scheduled for […]
The U.S. Bankruptcy Court for the Eastern District of California has scheduled a status conference for Golden Eagle Estates, LLC (operating as Stevenot Winery), to begin at 10:30 a.m., Feb, 18 at the U.S. Courthouse, 1200 I St., 2nd Floor, Suite C, in Modesto. In addition, creditors are scheduled to meet at 1 p.m., Feb. […]
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