Once a thriving grocer with over 150 stores, Chandler-based Bashas’ was hit by the glogal economic downturn and in 2009, the company filed for Chapter 11 bankruptcy protection, along with some of its creditors.

Now, after a reorganization and 20 fewer stores, Bashas’ says it has returned to profit and wants to exit from bankruptcy protection. Some creditors, mostly banks, and some bondholders say it is too soon and they are trying to stop the company.

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