VP Direct, Inc., a Schaumburg-based trucking company, has filed for bankruptcy in the Northern District of Illinois as its debts grow. The Schaumburg trucking company aims to reorganize its operations through the Chapter 11 filing.
VP Direct, Inc. Files for Chapter 11 Bankruptcy
According to Pacer, VP Direct, Inc. voluntarily applied for a Chapter 11 bankruptcy petition on November 6. The Illinois trucking firm plans to proceed under Subchapter V to streamline reorganization costs.
As of now, the filing shows that VP Direct, Inc. has assets in the range of $100,001 to $500,000. The trucking service provider’s liabilities, on the other hand, are somewhere between $1,000,001 to $10 million.
VP Direct, Inc. currently owes around 49 unsecured lenders in total.
The company filed in the U.S. Bankruptcy Court for the Northern District of Illinois, where it is based.
Proceedings So Far
According to case number 1:25-bk-17208, the Illinois company officially filed for Chapter 11 on November 6. Attorney David Freydin from Law Offices of David Freydin Ltd is VP Direct, Inc.’s legal representative in the case.
The deadline for the Illinois-based trucking company’s Chapter 11 Subchapter V Plan is February 4, 2026, the filing suggests.
The U.S. Bankruptcy Court Northern District of Illinois received VP Direct, Inc.’s filing fee of $1,738 on November 6.
The Illinois company is an authorized trucking operator engaged in freight services for long-distance and truckload transportation. VP Direct, Inc.’s operations comprise about 10 power units supported by 10 drivers. Under DOT number 800430, the trucking company is registered as an active carrier.
The Chapter 11 filing allows VP Direct, Inc. to reorganize as its debts continue to rise. The company’s progress in the coming months will show whether it can successfully restructure under Chapter 11.
