- Last Updated on 08:01 AM 05/23/14
- BY Ashley Hodge
The Farmer’s Foods grocery store in Henrico County filed for Chapter 11 bankruptcy reorganization Monday.
That evening, the grocery store, located at 50 S. Airport Drive in the Highland Springs area, had two signs on the door that read “out of business.”
President and CEO John D. Farmer owns the store that first opened in May 2006 and previously served as a Winn Dixie.
When contacted Thursday at his Chase City Farmer’s Food headquarters, Farmer said he did not want to comment on the reason for the bankruptcy.
However, he did add, “It’s not going to impact any other stores.”
Farmer’s Foods Highland Springs LLC, the entity that owns the store, listed $1 to $50,000 in estimated assets and $100,001 to $500,000 in estimated liabilities, according to its filing with the U.S. Bankruptcy Court in Richmond.
The company filed a scant bankruptcy petition that listed 14 unsecured creditors with total estimated claims of about $350,000, according to published reports.
Sterling National Bank of Suffern, New York, has the largest claim of $178,000 for equipment lease.
Other top creditors include the Richmond Times-Dispatch, $56,999 for advertising services; Springer Plaza Associates, $54,853 for unpaid rent; Dominion Virginia Power, $16,500; Henrico County Department of Finance, $15,362 for a business license; Key Equipment Finance Inc., $11,087 for equipment lease; and the Virginia Department of Taxation, $10,428, the court filing indicates.