California's oldest continuously family-owned winery has filed for Chapter 11 bankruptcy protection, putting six generations of family control on course to end while the 168-year-old Sonoma Valley business searches for a new owner and works through its debt.
Vineburg LLC, which does business as Gundlach Bundschu Winery, filed for bankruptcy on Sept. 23 in the U.S. Bankruptcy Court for the Northern District of California. Court records show the company reported about $17.2 million in assets and $39.1 million in liabilities.
