Regional US supermarket group Penn Traffic has filed for Chapter 11 bankruptcy protection, with plans to sell off stores and other assets.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company operates supermarkets under the P&C, Quality and BiLo banners in upstate New York, Pennsylvania, Vermont and New Hampshire.
The company listed assets to the value of US$150.4m and debts totalling $136.9m.
In a statement, the company said that it expects to present a reorganisation plan to the court today (19 November). It also plans to ask a bankruptcy judge to approve a cash collateral arrangement to provide sufficient liquidity to maintain its operations.

US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData