Rite Aid is again filing for bankruptcy, and this time plans to close or sell all remaining stores, including its sole remaining presence in Isle of Wight County at 13554 Carrollton Blvd.

The national retailer also operates two stores in Suffolk, on Main Street and College Drive.

Rite Aid’s latest filing for Chapter 11 bankruptcy protections, filed May 5 in the U.S. Bankruptcy Court for the District of New Jersey, comes seven months after the company emerged in mid-2024 as a private company after exiting its 2023 bankruptcy.

The prior bankruptcy, according to a company news release, had eliminated roughly $2 billion in debt. According to the May 5 filing, Rite Aid still owes more than $381 million to at least 50 creditors, including $49 million owed to the U.S. Department of Justice.

The DOJ had announced an agreement with Rite Aid last year to settle claims under the federal False Claims Act and Controlled Substances Act alleging the retailer “knowingly dispensed at least hundreds of thousands of unlawful prescriptions” for “medically unnecessary” opioids, including addictive oxycodone and fentanyl, from 2014 through 2019.

Rite Aid, in an unattributed statement to the Times, said over the next few months all remaining Rite Aid distribution centers will close and all stores will either close or be operated by a new owner.

According to a May 5 news release by the company, Rite Aid is in discussions with “multiple interested potential acquirors” (sic) in a process “supported by $1.94 billion in new financing commitments and facilitated through voluntary Chapter 11 proceedings.”

Rite Aid’s prior bankruptcy resulted in the closure of 17 stores across Hampton Roads, including its pharmacies at 1200 Benns Church Blvd. in Smithfield and 1031 Armory Drive in Franklin. The Smithfield building has since been leased by Riverside Health System for use as a primary care facility.

Rite Aid hasn’t announced specific plans for its 11,000-square-foot Carrollton store, which opened in 2017. For now, the store and pharmacy remain open.

“During this process, Rite Aid customers can continue to access pharmacy services and products in stores and online, including prescriptions and immunizations,” Rite Aid said in a news release. “In connection with the sale process and court-supervised proceedings, the company is working to facilitate a smooth transfer of customer prescriptions to other pharmacies. Rite Aid employees assisting with this process will continue to receive pay and benefits.”

Rite Aid is no longer the only pharmacy in Carrollton. A pharmacy is included in the Publix supermarket that now anchors the commercial phase of The Crossings at Bartlett Station development at Carrollton and Brewers Neck boulevards. The Carrollton Publix opened Jan. 15.

Gerald Gwaltney, Isle of Wight County’s commissioner of the revenue, said if the Carrollton Rite Aid closes, the real estate tax would continue to be assessed. Under the county’s 2025-26 proposed real estate tax rate of 78 cents per $100 in assessed value and the store’s $4 million 2023 valuation, that works out to roughly $31,200. The county, however, would not receive revenue from the tax on business furniture and fixtures such as shelving, cash registers and refrigerated coolers starting in 2026, Gwaltney said. If the Carrollton store closes, Rite Aid would still pay the 2025 business personal property tax, but the county would lose revenue from the business license tax due March 1 of next year, Gwaltney said.