Chicago loses Fox & Obel

After being forced into Chapter 11 bankruptcy last week, it appears that Fox & Obel will now permanently shut down.  The local grocer filed for bankruptcy protection last week to prevent the electricity from being shut off – – ComEd was owed more than $35,000.  The owners had hoped to reorganize; however, it appears now that they will sell the assets through bankruptcy and close permanently.  An emergency hearing is scheduled to deal with the perishables and other assets will be going on the auction block soon.  For more on this ongoing story read, “Fox & Obel to close permanently.”