By Howard Fischer
Phoenix, AZ – A major statewide grocery chain is seeking protection from
creditors today in bankruptcy court.
In filings early this morning, Bashas' listed about $200 million
in assets -- and about $245 million in debt. Company president
Mike Proulx said the state's soft economy is taking its toll.
(Arizona goes from back in the day from a couple of years, three,
four years ago, from one of the fastest growing states in the
nation to stagnant growth.)