The wave of bankruptcy continues across the freight trucking world as another company files for Chapter 11. Bolingbrook, Illinois-based Allbound Carrier, Inc. filed for bankruptcy on April 15.
Earlier this year, a range of companies, from global carriers to regional operators, have also filed for bankruptcy.
Allbound Carrier, Inc. Files for Chapter 11
Case filings on RK Consultants show that several required documents have already been submitted. Authorized representative Blagoj Srbinov, who is also the company president, signed the petition before it was submitted.
Attorney David P. Leibowitz of the Law Offices of David P. Leibowitz, LLC, is representing the debtor in the bankruptcy court for the Northern District of Illinois.
Case Details
Filing details state that Allbound Carrier, Inc. is a “small business debtor.” This suggests that, unlike normal Chapter 11 processes, the debtor would get accelerated deadlines and quicker plan approvals, as is the case for small businesses in bankruptcy courts.
At the time of filing, the debtor had submitted key documents, including an asset and liability summary. A statement of financial affairs was also filed, detailing the business’s gross revenue from 2024 to the filing date.
A disclosure of the attorney’s compensation and verification of the creditor matrix, along with various schedules, were also filed.
Here are summarized details of the petition, which can also be found on PACER:
- Filing Date: April 15, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Northern District of Illinois
- Type of Filing: Active, Voluntary Petition, Subchapter V
- Chapter: 11
- Case Number: 26-06532
- Estimated Assets: Between $500,001-$1 million
- Estimated Liabilities: Between $100,000-$500,000
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
Court filings currently indicate that funds will be available for distribution to the unsecured creditors.
According to the company’s Better Business Bureau profile, it began operations on March 7, 2016. Led by Blagoj Srbinov, it offers truckload service across the country.
Previous Filings by Freight Trucking Companies
The filing follows a series of similar bankruptcies across the freight sector this year.
The latest example is SP Trans, Inc., another Illinois-based carrier, which filed for Chapter 11 on March 24, 2026. According to its filings, the family-owned company operates across the continental U.S. The bankruptcy came while the company faced a wide gap between its assets and liabilities.
Days before this, a two-decade-old regional trucking company based in Texas made a Chapter 11 filing. In its March 3, 2026, petition, Serna’s Trucking, LLC stated that it currently operates a fleet of 40 trucks. The filing aims to reorganize debt while addressing approximately 49 creditors.
Fresno-based T.G.S. Transportation, Inc. submitted a Chapter 7 petition on February 13, 2026. The filing comes six months after the company permanently closed, citing challenging market conditions. Following the latest bankruptcy, the 40-year-old drayage trucking service provider seeks to liquidate assets and address obligations owed to 100 to 199 creditors.
The Allbound Carrier filing, along with similar cases, highlights ongoing financial strain in the freight trucking market. While the Bolingbrook-based company has not issued a public statement, operations are expected to continue under court supervision.
