Motor carrier holding company Comcar Industries announced on Sunday, May 17, that it has filed for court-supervised bankruptcy protection and plans to liquidate by selling off its five trucking companies. The company employs 4500 and has 4000 trucks, according to Comcar’s website.
In terms of size, Comcar was bigger than Celadon when it filed bankruptcy in late 2019, but the prepackaged bankruptcy that Comcar has organized will be more structured and seamless than the abrupt shutdown of Celadon.
freightwaves.com
In terms of size, Comcar was bigger than Celadon when it filed bankruptcy in late 2019, but the prepackaged bankruptcy that Comcar has organized will be more structured and seamless than the abrupt shutdown of Celadon.
Comcar files for Chapter 11, plans to sell five subsidiaries
Buyers are considered “stalking horses” under section 363 of bankruptcy law,
freightwaves.com
