Copia Creditor Holds Up Bankruptcy While Don Fisher Bows to Presidio Trust's Changes

Another couple of quicke follow-ups to some on-going stories. First, there’s more to hubbub about the Napa-based museum, Copia, which unexpectedly shut its doors the day after Thanksgiving. Now that they’ve officially filed for bankruptcy, they’re running into the usual snag with creditors trying to block the filing, essentially saying, “Hey, wait! What about all those millions you owe us?!”

Copia hopes to sell its real estate and lease the facilities back for its programs. Copia’s Interim CEO Garry McGuire says ACA is trying to avoid paying out $40 million or more it may be liable for.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in