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JCB Trucking Enterprises files bankruptcy after FMCSA orders operations halt
An Indiana-based trucking company recently filed Chapter 11, more than a month after the Federal Motor Carrier Safety Administration ordered the carrier to suspend interstate operations after receiving an unsatisfactory rating.
JCB Trucking Enterprises LLC, headquartered in Lafayette, Indiana, filed its petition in the U.S. Bankruptcy Court for the Northern District of Indiana on March 18.
In its filing, JCB Trucking Enterprises lists its assets as up to $50,000 and its liabilities as between $1...