Penn Valley Market files for bankruptcy |

Penn Valley Market files for bankruptcy

The owner of the Penn Valley Market has filed for Chapter 13 bankruptcy protection. The move will enable the grocery store at 17404 Penn Valley Road to remain open while arrangements are made to pay off all debts.

Lawyers for owner Douglas Dunsdon filed paperwork in the U.S. Bankruptcy Court two weeks ago. Phone calls to Dunsdon and his lawyer were not returned, but store Manager Vikie Young said the Penn Valley Market will remain open and provide business as usual, despite filing for bankruptcy.

According to court filings, Dunsdon’s debt is estimated to be between $500,000 and $1 million, owed to as many as 49 people or businesses. His estimated assets are also listed as being between $500,000 to $1 million.

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