Virginia-Based TBL Logistics Files Chapter 7 Bankruptcy

TBL Logistics, a family-run trucking firm, files for Chapter 7 bankruptcy.

Virginia-Based TBL Logistics Files Chapter 7 Bankruptcy
Image Source: TBL Logistics/Facebook

TBL Logistics, a small family-owned trucking firm based in Appomattox, Virginia, has hit a financial pothole, leading to a Chapter 7 bankruptcy filing.

Quick Hits:

  • Fiscal Freeze: Assets and liabilities are in the range of $1 million to $10 million, with up to 49 creditors left hanging.
  • Operational Overload: The company had four power units and seven drivers.
  • Listed Owners: Christopher and Melinda Bradner
Image Source:

Operational challenges seemed to have compounded, evidenced by the cancellation of their Bodily Injury Property Damage Coverage on January 20. This, along with two injury crashes in the past 24 months, may have contributed to the company's decision to file for bankruptcy on February 29.

According to documents, TBL creditors include Motive Technologies, Love's Travel Stops, and the IRS.

A creditors meeting is scheduled for March 26.

Source: FreightWaves

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