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Tyrone, PA

May 31, 2008

Uni-Mart seeks bankruptcy

Uni- Marts LLC filed voluntary petitions for Chapter 11 bankruptcy Thursday as part of an overall plan to sell the company, an attorney representing the company said.

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Shaun Kahn
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Judge it!
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#1
Jun 5, 2008
 
Uni-mart's long term strategic plan was to sell the stores at three times the actual price, to innocent dealers. They wanted to bankrupt the dealers and then take back the stores. They deceived the innocent dealers by showing them false financial information. On top of that, they over charged gas prices to innocent dealers over the period of time. Also, their long term plan was to sell the property of all the stores to a third party company, which they did without informing the dealers, although in the PSP's, the right of first refusal belonged to the dealers. Then, suddenly they filed the bankruptcy to save more than 80 million dollars that they owed to the creditors such as gasololine and other grocery vendors. Uni-mart is charging three times more rent that what the store rent is worth, to the dealers.

Uni-marts master mind Mr. Raj Wakharia, the gujrati Indian is responsible for all this game plan. Now, the question is how long uni-mart could fool the dealers more? It's about time for government authorities to look into this matter seriously before all innocent dealers file bankruptcy and suffer financialy more than ever.

Please, don't buy uni-mart stores even if they offer to anyone for free.
dealer
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#2
Wednesday Aug 6
 
I fully agree with shawn, i dont know how uni-mart preyed on innocent individuals and sold them stores by showing fraudualent financials and secondly kept on exploiting the dealers and now after making millions and probably wiring the funds to an offshore account by sucking innocent dealers blood ,have filed for bankrupcy.
Its a shame that no offical inquiry is placed on thier wrondoings.
they should be in jail.
dealer
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#3
Wednesday Aug 6
 
well the Ara na Alex Sahakian along with henry sahakian should be help responsible for doing fraud and cheating and punished for thier misdoings
LLC
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#4
Tuesday Aug 26
 
unimart is just a downright bitch and today we'll find out if karma serves them right.
helen
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#5
Sunday Aug 31
 
they should be run out of town with their high prices.Our gas is always higher at a uni mart, and they are filing bankruptcy(PLEASE) We need to put in a sheetz store
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