DENVER -- Western Convenience Stores, a chain of 43 locations in Colorado and Nebraska, filed for Chapter 11 bankruptcy protection on Monday, citing a court ruling against the chain regarding a $5.3-million debt to its main fuel supplier Suncor Energy.
In its filing, accessed by CSP Daily News, the chain owned by Hossein Taraghi claims nearly $10 million in debts, including a "disputed" $7 million owed to Suncor. Other large debts include $4.2 million owed to VSD 4 LLC, $2.4 million owed to Offen Petroleum and $1.6 million owned to High Plains Bank.
Centennial, Colo.-based Western Convenience Stores began in 1989 with one store and slowly grew to 12 stores until 2001, when growth accelerated. The majority of the chain’s units are in the greater Denver area, with a few--including a truckstop and two liquor stores--located in Nebraska. One Colorado location has a liquor store attached.
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