Tap to Call - (877) 250-8242

Convenience Stores Owned by Former Politician Seek Bankruptcy Help

February 19, 2013


A chain of convenience stores owned by Christy Mihos, a multimillionaire who has run for governor in Massachusetts on two occasions, is filing for bankruptcy, according to a report from the Boston Herald.

Sources say Christy’s of Cape Cod, which includes several convenience stores and gas stations, closed its stores in 2010, but is only now seeking debt relief in a U.S. Bankruptcy Court.

In the bankruptcy filing, Mihos claims that his company has at least $1 million in debt, and the creditors to whom the company owes money include Citgo Petroleum, Hubbard Oil Co., Citizens Bank, and a wide range of criminal defense attorneys.

According to sources, four months ago, Mihos pleaded not guilty to charges of domestic violence against his wife. Andrea Mihos accused her husband of assaulting her and threatening to kill her last February near their home in Florida.

The husband, however, claims that Andrea’s allegations are false, and the issue has yet to be resolved. Unfortunately, the incident spelled the end of the couple’s lengthy marriage, which was established in 1974.

In addition to the allegations of abuse, Andrea Mihos also reportedly accused her husband of wasting up to $25 million on prostitutes and two failed gubernatorial campaigns.

Remarkably, despite the millions of dollars he earned in business, Christy Mihos recently told reporters that he only had $7,000 worth of personal assets, which would explain why he is currently looking for debt relief in bankruptcy court.

The former millionaire’s financial troubles started in 2006, when he launched an unsuccessful bid for governor as an independent candidate. In 2010, Mihos also failed to win election as a Republican.

After spending a fortune on his campaigns, Mihos found himself at the mercy of a horde of creditors, who promptly filed lawsuits and attached liens to his numerous properties.

One creditor, Independence Park, won a $925,000 verdict against Mihos in 2012 after the magnate had failed to repay the developer for extensive renovations to several of his convenience stores.

In addition, Mihos is also looking to escape from debt collection lawsuits filed by Citgo and Hubbard, according to sources.

Back to Newspaper Home

Tap to Call - (877) 250-8242

PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Your request for contact will be forwarded to the local lawyer who has paid to advertise in the ZIP code you provide. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network nor does it analyze a person's legal situation when determining which participating lawyers receive a person's inquiry. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy does not create an attorney-client relationship and may not be protected by attorney-client privilege. Do not use the form to submit confidential, time-sensitive, or privileged information. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.

FLORIDA ONLY: Total Bankruptcy is considered a lawyer referral service in the state of Florida under the Florida Rules of Professional Conduct. By all other standards, Total Bankruptcy is a group advertisement and not a lawyer referral service.

If you live in Mississippi, Missouri, New York or Wyoming, please click here for additional information.

By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.