Supermarket Investors Inc. Files Bankruptcy and Lists More Than $10 Million in Debts

It was only a few months ago that Affiliated Foods Southwest Inc. of Little Rock had its bankruptcy converted from Chapter 11 reorganization to Chapter 7 liquidation.

Now a related company, Supermarket Investors Inc. of Little Rock, has joined  Affiliated in Bankruptcy Court.

Supermarket Investors is a wholly owned subsidiary of Shur-Valu Stamps Inc. And Shur-Valu, which also is in Chapter 7 along with several other Affiliated entities, is a subsidiary of Affiliated Foods. The Supermarket Investors filing last week didn’t offer many details, but it did offer a hint of the troubles.

There are between 200 and 999 creditors that are owed between $10 million and $50 million.

And the company’s assets are less than $50,000.

M. Randy Rice of Little Rock was appointed trustee for the company and filed the bankruptcy.

Rice said it’s too early to figure out what went wrong with Supermarket Investors. But a more detailed bankruptcy filing is expected soon.

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