Mi Pueblo Files for Chapter 11 Bankruptcy - NBC Bay Area

Mi Pueblo Files for Chapter 11 Bankruptcy



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    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.