Winc is now in post-confirmation claims administration, with the Club W. Creditor Trust continuing to clean up the claims register after plan confirmation rather than operating through an active going-concern restructuring. The case began with Winc’s November 30, 2022 chapter 11 filing, followed by a first-day record that framed the debtor as a direct-to-consumer and wholesale wine business that had pursued growth through an IPO, acquisitions, and an asset-light production model before liquidity pressure overtook the business. The Brault first-day declarationDkt. 15 tied the filing to a failed December 1, 2022 payment under the Bank of California first-lien revolving facility, a strategic review that had begun earlier in 2022, and a sale process that produced Project Crush Acquisition Corp LLC as the only actionable bidder.
The opening case path was a sale-centered chapter 11 backed by financing from the proposed buyer. The Brault first-day declarationDkt. 15 described roughly $3.4 million of principal and $23,500 of fees outstanding under the prepetition revolver, a Clearco revenue-share arrangement against direct-to-consumer receipts, a $10 million stalking-horse bid from Project Crush for selected assets, and a $5 million DIP facility with milestones aimed at rapid bidding-procedures approval, final DIP approval, and a January 2023 sale closing. By June 2023, the case had moved from first-day sale stabilization into a consensual plan process, with the debtor and the unsecured creditors’ committee filing a combined disclosure statement and chapter 11 planDkt. 375.
That plan path has already matured: the court entered the confirmation order for the combined planDkt. 457 on August 3, 2023. The current docket activity is therefore centered on implementation work by the Creditor Trust, especially claim objections and service of orders and notices. Most recently, the court entered an order sustaining the seventh omnibus objection to equity claimsDkt. 789, disallowing and expunging equity-based claims from the register, while a scheduled May 21, 2026 omnibus hearing was cancelled because the noticed matters had been resolved or orders had been entered through the cancelled hearing agendaDkt. 791.
