HillWineCo: More Bulk Wine Discovered & Up For Grabs

IMPORTANT NOTE: Hill Family Estate as well as William Hill Estate Winery, are not affiliated with, nor owned by the same families as The Hill Wine Company in this and previous bankruptcy articles.

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Bankruptcy Trustee Lois I. Brady who is overseeing the Chapter 7 liquidation of Hill Wine Company has signed a deal with Appellation Trading Company to buy approximately 15,000 more gallons of bulk wine that was recently discovered among the bankrupt winery’s chaotic records. The wine is being sold for $3 per gallon.

This follows on the heels of the previous sale to Appellation Trading of about 47,000 gallons of bulk wine at $5 per gallon. See: Hill Wine Debacle: Napa Valley Cab: $2.93/Bottle, $5/Gal for details on that transaction which closed successfully in mid-September.

Wine Sale Subject To Overbids Until Nov. 4

According to the Trustee’s legal filings, the sale to Appellation Trading sale is subject to overbidding at a minimum of $4 per gallon and must adhere to the same terms as the Appellation Trading purchase agreement. Overbids must be received by 5 p.m., Nov. 4, 2014.

Wine Executive News subscribers please click here to read the complete article and access court documents.

Also In This Article:

The full text of the following sections is available to premium subscribers of Wine Executive News.

• Additional Requirements For Overbidders

• Full Court Documents With Overbid Details & Instructions

• Trustee’s legal filing

• Appellation Trading purchase agreement

PREVIOUS WINE INDUSTRY INSIGHT COVERAGE

• Hill Wine Co: The Pink Bunny Of Wine Financial Disasters
• Hill Wine Debacle: Napa Valley Cab: $2.93/Bottle, $5/Gal
• Hill Wine Co Bankruptcy Now In Chapt 7 Liquidation
• Hill Wine Co – Fireworks Likely In Today’s Liquidation Hearing
• Hill Wine Co Rushing Toward Liquidation
• Security Of Grower Liens Uncertain In Hill Winery Bankruptcy
• TTB Carpet Bombs Hill Wine Co With Felony Allegations
• Confused Hill Wine Co Chapter 11 Stumbles Forward
• Hill Wine Co Bankruptcy Snares Big Names, Big Time

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