NAPA Calif. Copia: The American Center for Wine, Food & the Arts filed for Chapter 11 bankruptcy protection this month after closing abruptly on Nov. 21. The Napa-based nonprofit center has obtained a $2 million debtor-in-possession line of credit to supplement its working capital, which will allow employees, vendors and other partners to be paid. In addition, the center will seek court approval for the sale and leaseback of its real estate assets, McGuire said.“We recently have taken ...
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