Convenience Store Auction Announced

Tranzon Auction Properties, along with their partners Tranzon Fox and Tranzon Alderfer, are marketing the Bankruptcy Sale of 21 gas and convenience stores in Delaware, Maryland and Pennsylvania. The stations are currently involved in the bankruptcy case filed in the Eastern District of Pennsylvania, by Universal Marketing Inc. “We’re pleased to bring these properties to

Flying J To Emerge From Bankruptcy

A U.S. Bankruptcy Court in Delaware has confirmed Flying J’s plan to reorganize and emerge from bankruptcy, repaying its creditors in cash plus interest, Truckinginfo.com reported. Flying J filed for Chapter 11 bankruptcy protection back in December 2008, and since that time has been working to restructure. It officially merged retail operations with Pilot Travel

APPCO’s Ex-Owner Wins Court Battle

APPCO’s former owner won the right to keep the 12 convenience store buildings he repossessed early this month, according to a ruling by Federal Bankruptcy Judge Marcia Parsons, the Johnson City Press reported. After the decision, a representative for Jim MacLean said MacLean’s property companies plans to gain possession of the other 16 stores he

Bankrupt Sunshine Wants Stores Back

Bankrupt Sunshine Energy, owner of APPCO, is fighting in the courts to regain its 12 closed convenience stores, which were repossessed by Management Properties Inc., the Johnson City Press reported. Meanwhile, Management Properties Inc. (MPI)  wants Sunshine’s recently filed bankruptcy thrown out of court, so it can repossess another 16 stores. According to Sunshine Energy,

Alon Named Stalking Horse Bidder for Bakersfield Refinery

  Dallas-based Alon USA Energy Inc. has been selected as the stalking horse bidder for the Bakersfield, Calif., refinery from Big West of California LLC, a subsidiary of Flying J Inc.   Completion of the acquisition is subject to an auction process, bankruptcy court approval and customary regulatory approval. The Bakersfield refinery is located in

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