How did a California winery operated successfully by the same family since the 1850s find itself entering bankruptcy in September? The story of its path to Chapter 11 has notes of untimely expansion, pandemic pressures, changing consumer tastes and creditor discontent.
The buyer of a generic-drug company's assets accused a local power company of violating Chapter 11 sale protections. A proposal to bring a third mediator into talks in the Albany Diocese's bankruptcy received a mix of responses. And Vanderbilt Minerals faced pushback as it hopes to send a reorganization plan to a creditor vote.
An AI chatbot company linked to Google hit Chapter 11 in Delaware amid mounting legal and financial troubles. An outpatient facility in Florida filed for Chapter 11 protection in the state to gain room to negotiate a $400 million loan. And an operator of oil and gas wells in Florida sought bankruptcy protection in Texas following a legal battle with a competitor.