Mi Pueblo Files for Chapter 11 Bankruptcy

By NBC Bay Area Staff
|  Monday, Jul 22, 2013  |  Updated 12:29 PM PDT
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Mi Pueblo Files for Chapter 11 Bankruptcy

NBC Bay Area

A Mi Pueblo store is seen in this NBC Bay Area file image.

San Jose-based Mi Pueblo has filed for federal Chapter 11 bankruptcy protection.

The grocery chain says it will remain open for business.

Over the next several months, a reorganization plan will be submitted to the federal bankruptcy court for consideration and approval.

“Filing for bankruptcy gives our company a unique opportunity to reorganize ourselves in a manner that will make us stronger and more competitive,” Mi Pueblo CEO Juvenal Chávez said in a statement.

Mi Pueblo team members were informed of the filing Monday morning.

The chain has 21 stores in the Bay Area, Monterey Peninsula and Central Valley.

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