California winery faces October 15 buyer deadline after $12.7m judgment

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Adelaida Vineyards, a California winery operating for 45 years, must find a buyer by October 15. A family dispute resulted in a $12.7 million court judgment and a Chapter 11 bankruptcy filing. Court documents estimate the winery's sale value at $3.8 million to $6.7 million, well above the $1.4 million to $2.8 million expected from liquidation. A proposed family settlement could still prevent the winery from closing.

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