Tom... Yes, I imagine all is lost. From what I read, Premier Cru is 63 million dollars in the hole. That number is unfathomable to me. I'm far too lazy to read the entire filing, but I am sure plenty of people on Berserkers have read it in full. They have more time than I do
I'm not sure where the money is in their assets but I imagine a large portion of that is in real estate, which will quickly go the banks or lenders. I doubt there is a lot of physical stock of wines available to be sold to recover any monies. I have no idea why they continued to send wines until the bitter end. It served little purpose.
What little money that can be raised in selling the assets of Premier Cru will go to lawyers, BK trustees and secured creditors. Even if none of those expenses were there, at best you'd be looking at the same ratio of debt to assets which is roughly .10 on the dollar. With those expenses, there will be absolutely nothing, or perhaps a few cents on the dollar.
This is a bad situation for everyone. I'm sorry if you're in this mess. I'm sorry I'm in this mess with Premier Cru as well.
Hopefully you are not out too much, or at least, over the years you were able to buy enough wine from Premier Cru for under-market prices that will take some of the sting away.