A California winery founded in 1981 faces an October 15 buyer deadline after a $12.7 million judgment and Chapter 11 case; court filings put a sale at $3.8M-$6.7M versus $1.4M-$2.8M in liquidation

A California winery founded in 1981 faces an October 15 buyer deadline after a $12.7 million judgment and Chapter 11 case; court filings put a sale at $3.8M-$6.7M versus $1.4M-$2.8M in liquidation

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.