Vintage Wine Estates Inc. is filing for bankruptcy. The North Bay Business Journal reports that the Santa Rosa based producer has filed for Chapter 11 reorganization to “establish a fair, structured process for VWE to address outstanding debt obligations while the business pursues the sale of its assets.” They are looking to sell all or nearly all of their assets which include Ace Cider and wine brands B.R. Cohn, Girard, Clos Pegase and Viansa. Vintage recently sold Cosentino Winery of Napa Valley to Gene Wines LLC on Friday for $10.5 million. At of the end of March, Vintage had about $475-million dollars in assets and $400-million in liabilities.