PARENT FIRM OF NATIONAL MARKETS FILES FOR CHAPTER 7

ST. LOUIS (FNS) -- Family Co. of America here, which operates under the National Markets banner, said last week it filed for bankruptcy under Chapter 7 and will seek to liquidate its assets.The privately held chain was created three years ago in a purchase of stores cast off by locally based Schnuck Markets. Following last week's Chapter 7 filing, a court-appointed liquidator immediately began conducting

ST. LOUIS (FNS) -- Family Co. of America here, which operates under the National Markets banner, said last week it filed for bankruptcy under Chapter 7 and will seek to liquidate its assets.

The privately held chain was created three years ago in a purchase of stores cast off by locally based Schnuck Markets. Following last week's Chapter 7 filing, a court-appointed liquidator immediately began conducting 25%-off sales in the firm's remaining 17 area supermarkets.

Although a s

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