Penn Traffic Files Bankruptcy, Again

Penn Traffic Co., based here, filed for Chapter 11 bankruptcy protection yesterday, just four years after emerging from a previous bankruptcy filing.

SYRACUSE, N.Y. — Penn Traffic Co., based here, filed for Chapter 11 bankruptcy protection yesterday, just four years after emerging from a previous bankruptcy filing.

The company said it would pursue a sale of its assets.

Penn Traffic, which had whittled down its store base and sold off its distribution business since the previous filing, also said it plans to continue to operate its remaining stores and is expected to go to court today seeking a consensual cash collate

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