Copia officials say yesterday's filing in U.S. Bankruptcy Court
in Santa Rosa gives the nonprofit a chance to restructure and
position it to "compete more effectively."
Copia -- also known as The American Center for Wine, Food and
the Arts -- says it hopes the court will allow it to sell all its
real estate and lease facilities back for classes and programs. The
nonprofit says it has negotiated $2 million in credit to help pay
employees and vendors.
Copia, which has lost millions, also says it plans to reopen and
operate while it restructures.
The museum blamed the credit crisis for its decision to close
last month.
Copia wine museum files for bankruptcy
SANTA ROSA, CA
