Chapter 7

Trucking, logistics firms owed thousands after freight forwarder files Chapter 7

Advectus Transportation Services files Chapter 7

More than 150 trucking, logistics and towing companies are collectively owed hundreds of thousands of dollars after a New Jersey freight forwarder specializing in shipping automobiles, boats and motorcycles worldwide abruptly ceased operations and filed Chapter 7.

Advectus Transportation Services of Linden, New Jersey, filed its petition in the U.S. Bankruptcy Court for the District of New Jersey on June 30.

In its filing, Advectus lists its assets as up to $50,000 and its liabilities as between...

https://www.freightwaves.com/news/trucking-logistics-firms-owed-thousands-after-freight-forwarder-files-chapter-7

Trucker health clinic chain abruptly ceases operations, files Chapter 7

Truckers Health Group closes clinics, files Chapter 7

A medical clinic chain that provided vital health care services for truck drivers shuttered its doors and filed for Chapter 7 bankruptcy on Thursday.

The THT Group Inc., doing business as Truckers Health Team, has closed all 14 of its clinics at various Pilot Flying J Travel Centers across the country. 

The medical clinics provided Department of Transportation (DOT) physicals and health assessments and offered programs to help truckers manage chronic conditions such as diabetes, hypertension and...

https://www.freightwaves.com/news/trucker-health-clinic-chain-abruptly-ceases-operations-files-chapter-7

Illinois trucking company with history of HOS violations files Chapter 7

Illinois trucking company files Chapter 7

An Illinois trucking company, cited several times for hours-of-service (HOS) violations, shuttered operations and filed Chapter 7 bankruptcy in mid-May.

B & B Logistics Inc., headquartered in Elmhurst, filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois on May 13. 

The trucking company, which once had 17 drivers and 19 power units, ceased operations nearly a year ago after its authority was revoked by the Federal Motor Carrier Safety Administration (FMCSA).

In...

https://www.freightwaves.com/news/illinois-trucking-company-with-history-of-hos-violations-files-chapter-7

California freight forwarder folds, files Chapter 7 bankruptcy

California freight forwarder files Chapter 7 bankruptcy

A California freight forwarder filed Chapter 7 bankruptcy last week, collectively owing transportation and logistics companies more than $884,000.

Dsecargonet Inc., formerly doing business as Global Partners Logistics USA Inc., of Torrance, California, filed its petition in the U.S. Bankruptcy Court for the Central District of California on April 20.

In its filing, Dsecargonet, which offered air, sea and ground delivery solutions, lists its assets of up to $50,000 and its liabilities as between...

https://www.freightwaves.com/news/california-freight-forwarder-folds-files-chapter-7-bankruptcy

Illinois logistics firm folds, files Chapter 7

Small Illinois logistics firm files Chapter 7

An Illinois logistics firm that specialized in perishable foods and other time-sensitive loads has filed for Chapter 7 bankruptcy.

Lions Logistics Inc., doing business as Lions Logistics 1, filed its petition in the U.S. Bankruptcy Court for the Northern District of Illinois on Tuesday.

In its filing, Lions Logistics 1 lists assets of up to $50,000 and liabilities of between $100,000 and $500,000. The shuttered logistics company states that it has up to 49 creditors. The company maintains that no...

https://www.freightwaves.com/news/illinois-logistics-firm-folds-files-chapter-7

Texas logistics firm goes belly-up

Truckers owed hundreds of thousands of dollars from CHAI

More than 45 trucking companies are collectively owed hundreds of thousands of dollars after a Texas-based logistics company filed Chapter 7 bankruptcy.

CHAI Freight Logistics of Brownsville, Texas, filed its petition in the U.S. Bankruptcy Court for the Southern District of Texas late last week.

In its filing, CHAI lists its assets as between $50,000 and $100,000 and its liabilities as between $100,000 and $500,000. The logistics firm states it has up to 99 creditors. 

The Federal Motor Carrier...

https://www.freightwaves.com/news/texas-logistics-firm-goes-belly-up

Crash, virus combine to sink Ride the Ducks of Seattle

Ride the Ducks of Seattle has shut down and filed for Chapter 7 bankruptcy citing legal issues related to a fatal 2015 crash compounded by the coronavirus pandemic.

The company, which closed last month, filed for liquidation listing assets of $660,708.90 and liabilities of $5.2 million, court documents show.

“We’ve been working hard to rebuild our business over the past few years and had been making great progress,” the company said on its website. But the aftermath of the crash was “simply too...

https://www.workboat.com/news/passenger-vessels/crash-virus-combine-to-sink-ride-the-ducks-of-seattle/

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