Trustee Appointed For MC2/Conti/Charles B. Mitchell Bankruptcy

Bankruptcy Judge Michael S. McManus has ordered the United States Trustee to appoint a Chapter 11 trustee in the MC2/Conti/Charles B. Mitchell Bankruptcy.

Generally, Trustees are appointed in a Chapter 11 case when the judge determines that the debtor’s management is unable to handle the reorganization.

The hearing has been scheduled to continue at 11 a.m. April 27, in Sacramento Bankruptcy Court.

GROWER GETS TO PROTECT COLLATERAL

Judge McManus approved grower William Naylor’s request to protect wine made from $6,059 of the 2008 Barbera he sold to the winery.

Among other items, Judge McManus ordered the winery to segregate, properly store and maintain wines made from the growers’ grapes, stop selling bottled or bulk wine, and allow the growers access to their product.

Naylor joins two other growers whose collateral protection requests were approved.

See: Wine Industry Insight’s March 23 article:
“Contis File Personal Bankruptcy, Bank Blasts “Sham”, Growers Get To Enforce Lien Against Winery” for more on this. [Some subscriber-only information here]