Barrel Stop Gets Offer, Buyer Background Raises Viability Doubts

Bankrupt Barrel Stop has received an offer from a potential buyer, but doubts persist about the legitimacy of the offer and the ability of the potential purchaser to perform.

In addition, Mechanics Bank, which is the largest — $3,766,084 — and most senior secured creditor has objected to Barrel Stop’s reorganization plan which relies entirely on the winery sale.

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• OFFER PRICE SET, HEARING SCHEDULED
• LIENS, JUDGEMENTS, INCONSISTENCIES CAST DOUBTS ON BUYER
• SALE CONTINGENCIES RAISE ADDITIONAL HURDLES

Previous Wine Industry Insight Coverage Of Barrel Stop

• Napa County Wants Barrel Stop Shut Down, Addamo Ch 11 Approved
• Barrel Stop Proposes To Sell Winery, Says Expects Imminent Offer
• Bank Charges Barrel Stop “Incompetently Managed,” Urges Trustee & Asset Sales
• Foreclosure Sale Date Set for Napa’s Barrel Stop/Dominari
• Barrel Stop/Dominari Files Chapter 11 Bankruptcy
• Barrel Stop Faces January Deadline For Ch11 Plan Approval

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