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Convenient Food Mart Files for Bankruptcy

PAINESVILLE, Ohio -- Convenient Food Mart Inc.'s corporate parent, CF Capital Assets LLC, filed for Chapter 11 protection in U.S. Bankruptcy Court in Wilmington, Del., according to the Associated Press.

The parent company of the convenience store franchiser filed for bankruptcy protection while it reorganizes. The company didn't provide a reason.

The Painesville, Ohio-based company listed assets and debts each of $1 million to $10 million. Its largest unsecured creditor was listed as Lyden Oil Co., of Youngstown, Ohio, with a claim of $465,000.

Convenient Food Mart has about 325 stores in Ohio, Illinois, Indiana, West Virginia, Missouri, Pennsylvania, New York and Nebraska.
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