CHIPPEWA FALLS, WI – Facing more than $150 million in claims from unpaid suppliers, lenders, and former employees, Gordy’s Market is auctioning off stores next week.

The company at one point operated 26 grocery stores spread across western Wisconsin, according to local news source Wisconsin Public Radio (WPR). Though company had made plans to sell several stores in July to pay outstanding debts, according to the Chippewa Herald, those sales apparently were not enough to lift the chain out of its debt.

In August, Gordy’s was sued for almost $87 million by the SpartanNash-owned Nash Finch Company. In the ensuing month, some 2,000 claims have been filed by other suppliers, contractors, and employees. Local news source the Marshfield News-Herald noted late last month that Gordy’s had informed both employees and the Wisconsin Department of Workforce Development that the store was in receivership, and may close all its locations thereby laying off the stores 1,000+ employees.

Court documents acquired by WPR reported the value of Gordy’s assets at $40 million—roughly a fourth of the company’s $157 million in liabilities owed. Court proceedings also noted that 17 bids have been made by potential buyers.

Will there be a sale in store for the embattled retailers? For updates as the situation progresses, stay tuned to AndNowUKnow.