Current posture

What matters now

Central Grocers is now a long-running Chapter 7 liquidation in estate-administration mode, with the most recent activity centered on professional compensation, ongoing trustee-advisor work, and judicial reassignment after Judge Peterman’s recusal. The case began on May 2, 2017, when trade creditors including Coca-Cola, General Mills, Mars Financial Services, and Post Consumer Brands filed an involuntary Chapter 7 petition Dkt. 1 against Central Grocers. The restructuring pressure sat against a heavily levered grocery cooperative and retail platform: Central Grocers had a $200 million prepetition revolving facility agented by PNC Bank and a $22.5 million prepetition term-loan facility agented by Bank of the West, with liens spanning substantially all personal property and key real estate collateral as described in the Midwest Pension Fund’s venue motion Dkt. 92. Early case activity also reflected asset-sale pressure, with PNC reserving rights as administrative agent in connection with proposed sales of the debtors’ assets in its statement regarding proposed sales Dkt. 165. The case’s present posture is post-sale, post-operating restructuring administration rather than a live going-concern reorganization. Rally Capital, financial advisor to the Successor Select Trustee…

Updated May 29, 2026