Mike
Well-Known Member
Nearly nine months after Arrow Trucking’s demise, many former drivers and employees are waiting to find out if they will receive back pay they are still owed when the Tulsa-based flatbed carrier abruptly shuttered its doors on Dec. 22, 2009.
As bankruptcy trustee Patrick J. Malloy III continues to sort through Arrow Trucking’s financial nightmare, he estimates that he’s collected more than $4 million for the estate so far. However, Arrow Trucking’s liabilities are estimated to be around $99 million. Malloy said he hopes to start paying out on wage claims by the end of the year.
Just three days before Christmas, many former Arrow Trucking drivers were stranded out on the road with no money for fuel. Drivers and employees alike received the grim news that their paychecks had bounced.
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As bankruptcy trustee Patrick J. Malloy III continues to sort through Arrow Trucking’s financial nightmare, he estimates that he’s collected more than $4 million for the estate so far. However, Arrow Trucking’s liabilities are estimated to be around $99 million. Malloy said he hopes to start paying out on wage claims by the end of the year.
Just three days before Christmas, many former Arrow Trucking drivers were stranded out on the road with no money for fuel. Drivers and employees alike received the grim news that their paychecks had bounced.
Full Story