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The Boston Globe this morning reports that “Super 88 LLC, the parent company of an Asian grocery chain owned by a local father-son business team, filed for Chapter 11 bankruptcy protection Monday, putting the chain’s potential sale on hold.”

The stores reportedly will stay open during the bankruptcy reorganization; there apparently are more than 200 creditors to be reckoned with, and liabilities of between $10 million and $50 million.

There are three potential buyers of the chain, each of which says that it has a claim on all or part of the company. But this filing is expected to throw the process into further disarray.
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