Former Politician and Convenience Store Mogul Files Bankruptcy

Controversial convenience store magnate Christy Mihos' bankruptcy filing is the latest fallout from his financial and domestic tailspin in the past several years. First Mihos' adhamently denied assaulting his wife, now he is facing accusations from more than a dozen creditors who say Mihos' owes them money.

 

The former Massachusetts Turnpike Authority vice chairman and gubernatorial candidate  filed Chapter 7 bankruptcy for Hyannis-based Christy's of Cape Cod LLC on Jan. 31 in U.S. Bankruptcy Court in Boston, according to court documents. He cited between $1 million and $10 million in debt owed to more than a dozen creditors.

 

Mihos sold off 11 of his 13 convenience stores on the Cape to Hess Corp. in 2009. He closed the other two stations a year later.

 

The former  was hit by a slew of lawsuits and claims of financial malfeasance during his latest bid for the state's highest office in 2010. After losing in the primary, Mihos, 63, continued to fail to meet his financial obligations, according to lawsuits by private creditors and Massachusetts Attorney General Martha Coakley.

 

A year ago, Mihos' private life began to unravel. In February 2012, he was accused of assaulting his wife in Florida as well as in July 2011 at the couple's West Yarmouth home.

 

During the investigation, Mihos' wife, Andrea, told police she was concerned about her husband's mental health and claimed he had hired strippers, prostitutes and porn stars for sex.

 

After the allegations, Mihos released a statement admitting to mistakes in judgment and said cancer surgery and a serious fall in December 2009 had changed him.

 

Mihos' bankruptcy lawyer, Jeffery Johnson of Centerville, declined to comment through a representative reached at his office, but Mihos' creditors are set to meet with the bankruptcy trustee later this month.

 

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Posted in business bankruptcy , Chapter 7 Bankruptcy , christy mihos , US Bankruptcy Court