Park Transportation Inc.
Legal woes force Illinois carrier to file for bankruptcy protection
Park Transportation Inc. of Bensenville, Illinois, has filed for Chapter 11 bankruptcy.
This action comes after its principal lender, Royal Savings Bank, and its landlord DCT Cargo LLC, filed lawsuits against the carrier because it was unable to pay its financial obligations, according to court filings.
In its filing with the U.S. District Court for the Northern District of Illinois, Park Transportation lists assets of up to $50,000 and its liabilities ranging from $1 million to $10 million. It...
https://s29755.pcdn.co/news/legal-woes-force-illinois-carrier-to-file-for-bankruptcy-protection