California winery faces buyer deadline after $12.7m judgment and Chapter 11 case

 California’s 45-year-old Adelaida Vineyards faces an October 15 deadline to find a buyer after a family dispute led to a $12.7 million court judgment and bankruptcy filing. Court documents estimate its sale value at $3.8 million to $6.7 million, compared with $1.4 million to $2.8 million through liquidation. A proposed family settlement could prevent its closure. California’s 45-year-old Adelaida Vineyards faces an October 15 deadline to find a buyer after a family dispute led to a $12.7 million court judgment and bankruptcy filing. Court documents estimate its sale value at $3.8 million to $6.7 million, compared with $1.4 million to $2.8 million through liquidation. A proposed family settlement could prevent its closure.