Anyone know if Trucker's Express has filed bankruptcy?

Trying to gather as much information as possible on Trucker's Express, based in Missoula MT and incorporated in Delaware. I want to be certain to be included in any bankruptcy proceedings that may be underway, but have not yet been able to determine their status, other than their bond was cancelled and they owe a considerable amount of money to a great deal of carriers. Rumor has it they have re-opened under the name Triple L Logistics. If anyone knows anything about their relationship with Trucker's Express, that would be helpful as well.

 

Thanks for the update. Just to alert other out there, some of the principals of Truckers Express have opened under the name Triple L Logistics with MC#585128. Same dance, different dress....

 

NightWind, I would be interested in knowing who to contact about their bankruptcy. I have not yet received anything, but perhaps your friend was on the carrier side? Any information on who to contact would be most helpful.

 

I would encourage anyone who has not received payment from Truckers Express to file a complaint at:

https://nccdb.fmcsa.dot.gov/AddComplaint.asp?type=new

If you are having difficulty completing the form, just send me a message and I'll be happy to help. If you know of others impacted, please share this with them as well.

NOTE: The screen references Household Movers, but it is also for carriers and brokers.

 

On August 28, 20007 an involuntary petition for Chapter 7 bankruptcy was filed in the Federal District Court in Montana by the following Claimants: XTRA Lease, Melco Transfer, and Admiral Merchants. Federal Express has also filed as an additional creditor. IBM Credit has also requested they be included in the cause. Case No. 07-61004

If you or anyone you know have outstanding invoices for freight bills against Truckers Express you may file at no cost (and without a lawyer!) to be named as a creditor. You can get the PROOF OF CLAIM form at http://www.uscourts.gov/bkforms/official/b10.pdf which is only one page, very simple to complete and only needs to be mailed with supporting documents.

As of today, there has not been a trustee appointed. The companies mentioned above who initiated the action have specific deadlines to meet before the case moves forward; that does not mean that there are currently any deadlines imposed on submitting PROOF OF CLAIM forms.

I spoke with my attorney today, asking specifically about the involuntary action. He stated it is unusual (as apposed to a voluntary action initiated by the debtor), but the bankruptcy code does allow for creditors to force bankruptcy on a debtor in an effort to gain some relief. There are basically three cl***es of claimants:

1st priority is SECURED CLAIMS meaning those secured by collateral.
2nd priority is UNSECURED PRIORITY which are specifically related to wages, domestic support obligations, contributions to employee benefit plans and taxes/penalties owed to the govt.
3rd priority is UNSECURED NONPRIORITY which involves debit with no collateral or lien. This is where freight bills will be classified.

The attorney representing TEI has already responded to the action with a counterclaim stating that XTRA LEASE "is not an entity qualified to commence an involuntary action against this Debtor". Of course they are seeking damages.

A hearing will be held on Thursday, October 4, 2007, at 09:00 o’clock a.m., in the BANKRUPTCY COURTROOM #200A, RUSSELL SMITH COURTHOUSE, 201 E. BROADWAY, MISSOULA, MT.