Sullivan Vineyards must be sold, cannot be reorganized says Bankruptcy Trustee. Family pushes back.

Sullivan Vineyards cannot be managed out of bankruptcy and should be sold in an orderly manner according to the court-appointed trustee Timothy Hoffman who says he has retained  “Napa Valley’s best” wine broker. The Sullivan family has disagreed with that conclusion and has filed a fourth Chapter 11 plan and disclosure statement.

 

The remainder of this original article along with court filings is available to Wine Executive News Premium Subscribers.

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Also in this article (at Wine Executive News):

• The grim conclusion
• The good news
• Controversy, skepticism, and criticism over the fourth Sullivan Chapter 11 plan
• Status hearing continued on Oct. 30

Full Court Filings (Premium subscriber access)

Status hearing audio file and full court documents are available for Wine Executive News Premium Subscribers

• Oct. 23 status hearing audio file (MP3)
• Trustee Status Conference Statement
• SVC-Monthly Operating Report – Month Ended 083117
• SVP-Monthly Operating Report – Month Ended 083117
• Fourth Chapter 11 reorganization Plan
• Fourth Chapter 11 Disclosure Statement

Previous Wine Industry Insight Coverage

• Sullivan Bankruptcy Trustee Hits The Ground Running, But Secured Creditors Losing Patience
• Sullivan Vineyards Bankruptcy: Napa Valley’s Chapter 11 From Hell

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