Flexible Funding and its Instapay subsidiary intend to reorganize in chapter 11
Flexible Funding LLC, which provides loans and alternative financing to trucking and temporary staffing businesses, has filed for bankruptcy.
Privately held Flexible Funding and its Instapay subsidiary filed for chapter 11 protection in the U.S. Bankruptcy Court in Fort Worth, Texas. The company said in court papers Monday that it has about 400 active clients and a portfolio of loans and factored receivables of about $110 million.
Staffing and Trucking Industry Lender Flexible Funding Files for Bankruptcy
Privately held Flexible Funding and its Instapay subsidiary filed for chapter 11 protection in the U.S. Bankruptcy Court in Fort Worth, Texas.
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