I don't know if anyone here buys wine from or stores wine at Vinfolio.
But this weekend they went into Assignment for the Benefit of
Creditors (basically a bankruptcy without going through BR court is my
understanding)

http://www.vinfolio.com/thewinecollector

One concerning part is the "Since January 1, 2010, the company has
tracked funds from the sale of Marketplace and fixed priced auction
items separate from other revenues. The secured creditor will waive
any right to these funds and has asked that these funds be paid to the
sellers in those sales as soon as practical." Apparently some people
who sold wine through the VF marketplace in December got checks that
bounced. Ouch. Maybe people who sold after 1/1/10 are ok, but I
wouldn't consign through VF at moment

There is some concern on some wine fora about stored wine, but
personally I think it's a bit premature to worry about that, as VF is
continuing under the restructuring and no one has ever complained of
co-mingled stock before. But if you are a storage customer you should
make your own decisions. And if you are a VF software customer I'd
CERTAINLY do an immediate download to Excel or whatever.

If you have wines purchased from VF that have not been delivered, I'd
contact them immediately. And hope you paid by CC.

DaleW wrote:
> I don't know if anyone here buys wine from or stores wine at Vinfolio.
> But this weekend they went into Assignment for the Benefit of
> Creditors (basically a bankruptcy without going through BR court is my
> understanding)
>
> http://www.vinfolio.com/thewinecollector

Ouch!! Given their arrangement with CT users, this could be painful indeed.

Mark Lipton


--
alt.food.wine FAQ: http://winefaq.cwdjr.net