Falcon Transport Ceases Operations

Discussion in 'Other News' started by mjd4277, Apr 28, 2019.

  1. ZVar

    ZVar Road Train Member

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    Yea. I passed a Falcon truck at the guard shack. Got to the dock and when I was inside a co-employee showed me the post on twisted trucker of Falcon closing.

    Been trying to verify it since. Thank you.
     
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  3. JoeyJunk

    JoeyJunk Road Train Member

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  4. Infosaur

    Infosaur Road Train Member

    I still like to find out if there's a legal way to take ownership of your truck if your employer shuts it's doors. Especially if you're knee deep in a lease.

    I have the truck, I have the keys and the "owner" has ceased to exist. Can I list myself as a creditor against future income? How about a Mechanic's lien? Even if the truck is actually "owned" by a fleet lease like Ryder/Penske, can I negotiate with them directly? You'd think they'd rather continue to have a source of revenue rather than have their asset tied up in a litigation with a bankrupt non-entity for years.

    If it isn't legal now, then maybe we should petition there be a law in the future. This isn't to say former employees can steal anything not nailed down but could be seen as at least a partial investor and at least be allowed to bid on an asset themselves if they have the resources.
     
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  5. ibcalm19

    ibcalm19 Road Train Member

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    I just said the same thing to my friend. There is another company my friend use to work for & they just lost their major account.
     
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  6. ZVar

    ZVar Road Train Member

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    Most likely you are just one of many creditors that they own money to. The courts will not like the fact you tried to settle that debt before they get to it.
    They want to be able to sell that truck (and all the company assets) so they know how much they have to pay all the creditors, not just one that, in all reality, is likely a drop in the bucket compared to their other debts.
     
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  7. jamespmack

    jamespmack Road Train Member

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    You need to be towards the top of the debit list. Because when the money runs out everyone else gets fudged. Trust me banks, and large accounts will get there money before a silly 80 or 100k lease, let alone money owed for independent contract labor. Now employees may see money owed. Not small contractors.
     
  8. Aamcotrans

    Aamcotrans Road Train Member

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    If you need a job and transportation, call EW Wylie, they will rent you a car to orientation.
     
  9. jamespmack

    jamespmack Road Train Member

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    Now how are the cheap pricks any better?
     
  10. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    When Arrow shut down guys that only owed a small amount on the lease/purchase lost it all. The trucks were on the company name so would have been included in the liquidation. I say would have but in the Arrow case, the trucks all had liens on them and were all repossessed, many by Freightliner. The lease purchase guys were just screwed out of everything.
     
  11. ZVar

    ZVar Road Train Member

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    Yea, I love how all these cheap OTR companies are coming out of the woodwork to "help" the Falcon drivers.
    Here's a hint. Someone working for Falcon is there because they didn't want OTR.
    If they wanted OTR, they would go apply to literately one of the 1000's of companies across the nation that actually pay decently.
     
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