Derek L. Limbocker, a onetime financial adviser, has sought protection from creditors in bankruptcy court, while he says he struggles to salvage his business and the 270,000 bottles of rare and valuable wine stored by financiers, high-powered litigators and real estate investors in his cellars in a West Chelsea warehouse, the New York Times reported today. Bankruptcy Judge Robert E. Gerber will hold a hearing today on whether to liquidate WineCare. The hearing will help shed light on what happened to the wines that WineCare stored in its temperature-controlled cellars, and why most of its clients still been unable to get their wine back.
