Judge Oks Foreclosure and Sale Notice For Conti Estate/Charles B. Mitchell

Conti Estate/Charles B. Mitchell Winery has moved a step closer to sale or liquidation with the Bankruptcy Court’s approval to record notices of foreclosure and sale.

U.S. Bankruptcy Judge Michael S. McManus approved the Bank of Alameda’s request to record  a notice of sale for the real property and a foreclosure sale of the personal property.

The judge, however, prohibited a final sale without its approval.

A hearing has been scheduled for 9 a.m., August 31.

For more information, please see Wine Industry Insight’s July 22 article:  “Conti Chapter 11: Bank Pressing Foreclosure, Liquidation in Store?”