Nearly 420 trucking and logistics companies are collectively owed millions of dollars after a California oil distributor ceased operations and filed Chapter 7.
RPP Products Inc. of Bloomington, California, filed its petition in the U.S. Bankruptcy Court for the Central District of California on Thursday.
In its filing, RPP, doing business as RacePro Products, lists assets of up to $50,000 and liabilities of $50 million to $100 million. The company maintains that no funds will be available for...