Looking for a good honest company to lease on with.

Already on here trying to recruit drivers for a company you've been with for what a month or two? SMH

 

^^^^^^^^ word

 

Honestly, you got 3 options. 1. Bankrupt out. 2. Debt consolidation. 3. Sell everything you have non vital including your home or ditching your apartment and just plug away until you catch up.

I hate to hear about your situation. I very nearly went down the same road with my last rig so that hits close to home. But its a deep hole with no great solution for you.

 

Have you talked to a CPA?

 

Here is what I would do, I would work with your lender to get rid of the truck, get rid of two of the vehicles, keeping the oldest and drop the insurance on that down to the cheapest possible cost.

contact an EA, NOT JUST A CPA, and have them FIX THE TAX SITUATION.

And become a company driver, stay one.

as for bankruptcy, off loading the truck and expenses of the truck, that should help, getting in good with a company that will put you to work consistently will help, but cutting your expenses has to happen, bankruptcy won’t fix it.

 

Depends on which bankruptcy you take , are you an llc ? Idk really never fought that beast . might can file chapter 11 i think its called where you can pay a reduced amount but i really dont know .

 

If you file bankruptcy wouldn't that just go under your corporation not personal? I mean with all the stuff happening in the trucking market especially now with the tariff chaos I don't see it getting better anytime soon. If your debt out weighs your income. It becomes impossible to salvage it.
Believe me finding an honest carrier to lease too is far from few. I leased to 5 carriers in 2 years and only one was good and honest but lost contracts. Its not a honest business if you want to stay in operation. I decided run my Authority finally in this crazy time. Barely holding on mainly because of Paccar issues starting to cost. However, if I decide to call it quits I'M not losing my personal money savings for trucking. If a business isn't keeping you in the green, it difficult but its time to grab a life saver and leave the business of trucking. 2025 will be a bad year most predicted.