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Trucking Firm Closes Three Days Before Christmas
Bob McCarty Writes ^ | 12-23-09 | Bob McCarty

Posted on 12/23/2009 7:54:41 AM PST by BobMcCartyWrites

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To: BobMcCartyWrites

Sounds like they were playing high stakes poker with the lender, and the lender called their bluff. A liquidating 11 to at least get the trucks back to reasonable locations would have been to the benefit of the lender and the drivers. Or petitioning a court to appoint a Receiver.

In fact, it’s hard to figure a worse way that this could have been handled from either the company or the lender side.


21 posted on 12/24/2009 6:26:35 PM PST by PAR35
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