DAYTON — P.H. Investors, LLC, which owns a 10,000-square-foot shopping center on Pendleton Circle in Middletown, on Friday, Nov. 6, filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court.

Receivership has been pending since October 2008, according to K. Dean Wertz, the president and sole shareholder of P.H. Investors.

He cited disagreements within P.H. Investors’ ownership for the need to reorganize its finances, but declined to elaborate.

“Things got off-base, and now we’re trying to get them back on track,” Wertz said on Monday, Nov. 9.

P.H. Investors is at 5335 Far Hills Ave. in Washington Twp.

P.H. Investors listed assets of $762,466 in its 2008 Form 1065 U.S. Return of Partnership Income. It reported a loss of $40,737 in that document.

A Chapter 11 bankruptcy filing frees a company from the threat of creditors’ lawsuits while it reorganizes its finances. The debtor’s reorganization plan must be accepted by a majority of its creditors.

Contact this reporter at (937) 225-7457 or bsutherly@DaytonDailyNews.com.