Renault Winery Declares Bankruptcy

For a century and a half the Renault Winery has been a South Jersey staple, but the staple was scheduled to hit the auction block at Thursday's sheriff sale, that is, until the company declared bankruptcy, taking the property off the block indefinitely.
“We weren't gonna give the place up to an auction. We have too much to offer," said Renault C.O.O. Dennis DelVecchio, who went on to say that the bankruptcy is part of a plan to reorganize the business and remain one of the city's main tourist attractions.
Entire story at
http://www.nbc40.net/story/27379955/renault-files-for-bankruptcy-will-remain-open-company-says