Barrel Stop Winery Chapter 11 “can charitably be described as chaos” — Bankruptcy Trustee

Legal filings are usually tangled, obtuse and nuanced. So it was refreshing to read this one filed by the court-appointed bankruptcy trustee. Given its startling and uncharacteristic clarity, we decided not to paraphrase it, but to present it complete, untouched and unedited.

RESPONSE TO OBJECTIONS TO MOTION TO CONVERT CASE TO CHAPTER 7

“This chapter 11 case was filed on July 28, 2011. Thereafter, in what can charitably be described as chaos, the case inched along largely as a dispute between the Debtor and its two primary secured creditors until this Court appointed the Trustee on April 10, 2012.

“Upon her appointment, the Trustee conducted substantial due diligence. It soon became apparent, however, that no reorganization was in prospect, and no sale of the Debtor’s real property and related assets could be accomplished at a price sufficient to pay all secured debt in full, much less in a manner which would render any benefit to general unsecured creditors.”

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PREVIOUS WINE INDUSTRY INSIGHT COVERAGE OF BARREL STOP WINERY

• Updates: Barrel Stop’s Purple Unicorn and Russian River Vineyards Ch11
• Barrel Stop Winery Sold, Still Heads For Liquidation
• Barrel Stop: Frustrated Trustee Punts, Winery Gets 90 Days To Sell Or Be Foreclosed
• Round-Up: Barrel Stop, Blackstone, American Wine Distr., WineGavel
• Elder Abuse, Sex Offender Amp Up The Bizarre in Barrel Stop Bankruptcy
• Bankruptcy Trustee Appointed For Barrel Stop Winery, Bank Opposes Sale
• Barrel Stop Gets Offer, Buyer Background Raises Viability Doubts
• 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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