Bankruptcy Filing of Russian River Vineyards

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Winery and vineyard operator Russian River Vineyards has filed for Chapter 11 bankruptcy protection at US bankruptcy court in Santa Rosa.

According to bankruptcy papers, the company has assets and liabilities between $1 million and $10 million.

The winery’s present owners bought over the operations in 2008 and have struggled with reducing its debts ever since. Managing partner Chris O’Neill said, “When we took over a little over two years ago, it was basically out of business, and it was in foreclosure. We incurred a lot of debt in those first 18 months, and we just weren’t able to get out from under that.” O’Neill assured creditors they would receive every cent back of whatever is owed them. The owners are O’Neill and partners Barbara Sattler, Giovanni Balistreri, Anthony Austin and Debra Del Fiorentino.

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