Chicago gourmet grocery store bankrupt

The gourmet grocery store, Fox & Obel, has filed for protection under Chapter 11 of the bankruptcy code.  It is unclear if the store will continue to operate in the future even though it remains open for now.  Ongoing problems such as failed health inspections, inability to make rent payments and increased competition may have led to the filing of the bankruptcy case.  According to the filing, there are over 100 creditors with debt between $1 million and $10 million.  The IRS is the largest creditor closely followed by a food supplier.  For more details about this filing read, “Fox & Obel files for bankruptcy.”