Between a Rock and a Hard Place...

Did you try leasing to an expediter company?
Don't buy a tractor; you won't be able to afford insurance for starters; plus lots of other obstacles for someone with no experience.

 

Option Three Bankrupcy.

You should already seperated by Incorpoeration paperwork legally your business of box truck which is failed. This will defend your personal assests such as cash, home or boat or whatever else.

BUSINESS BANKRUPCY is NOT THE SAME as PERSONAL BK. Personal BK is so restricted. Businesses BK is much more option.

You can with Business BK have the courts dispose of the business itself. Liquidate the truck, find out who owes what in business only and decide what to do with you all. DETERMINE if there is a crime, fraud and so on when you say you are being shafted by your partners deliberately sticking you with the bag and getting the hell out, friendships and feelings mean nothing here. Rats from a sinking ship.

DO NOT whatever you do... DO NOT DOUBLE down and sink NEW money of your own into this business. Its FAILED> done, dead, finished. You would be thinking like a gambler, I lost 5000 dollars just now in this game at the table, Ima go take out another 10,000 dollars from my wife and my savings account and throw that on the next hand.

STupid. You follow me?

Accept that the business is finished. Its STRICTLY A BUSINESS.

You can celebrate that you gave it a go. Building a business and maybe putting people to employement and so forth in America. It's incredible and awesome. YAY.

But its dead jim. To use a old star trek saying from the doc. What does Jim do? Not worry about it move on to the next thing. Dead is dead.

IF you did NOT INCORPERATE the BUSINESS then you stand to lose your home, contents, cars, boats and everything else. In some states you will be reduced to just 4 items.

One chair, one bed, one communciations device and one television. (Excluding kitchen cooking items) everything else will be trucked away by the sherriff by court order when your creditors secure judgement against you. This is law in this state. So Articles of Incorperation for the business is a defense seperateing strictly business and personal assets.

Everything in the business from the truck on down to whatever else the court can find will be liquidated. Poof gone.

You get to go home and enjoy life. Maybe decide on that tractor trailer. But right now the United States is going through a recession of a sort. People are racking up on credit things this holiday that they will still make minimum payments on a year from today due to their excessive credit spending.

Retail is breaking very badly beca8use of this. Credit has already broken across student loan, visa, mastercard, cars on down on and on on.

Trucking is for those who have good savings to carry their business thought these hard times. The rest bankrupt and disposed of. Thats you.

Whatever you have in your thousands of dollars in bank, under matress etc DO NOT USE ANY OF IT. LEAVE IT ALONE.

You are just throwing good money after bad and you might as well pile it in your fireplace and light it all on fire for 5 minutes for all the good it will do you.

 

I think there's your problem. You will trust a driver to work his ### off to pay your debt?

 

www.OOIDA.com is a business website for the owner-operator and small fleet owner.

 

I meant leasing to an expediter company; problem is, you'd need to be the driver of your own truck to make any money.
UShip probably use you, but their reputation is small paychecks.
If you can't drive the truck youself, bail out, catch your breath, and maybe start over after the dust settles. Meanwhile, study trucking and form a business plan.

 

If you chose your option #1 you'll be needing this contact.. Home in short time.
Seriously, don't do it..
Liquidate what you can and work out payments on the balance.