Platinum Express, Inc., a Dayton, OH-based trucking company with more than two decades of experience, has entered bankruptcy proceedings. The filing comes as the company faces more than $1 million in unsecured claims.
The regular operations are expected to continue normally under the supervision of the court.
Platinum Express, Inc. Seeks Chapter 11 Protection
The company filed under Subchapter V, a Chapter 11 provision designed for qualifying small businesses. Subchapter V is intended to streamline the bankruptcy process while reducing costs for small businesses.
According to case filings on PACER, attorney Darlene E. Fierle of Thomsen Law Group, LLC is the legal counsel for Platinum Express, Inc.
Company president Myna Burba signed the Chapter 11 petition before it was submitted to the U.S. Bankruptcy Court for the Southern District of Ohio.
Company Faces Over $1 Million in Unsecured Claims
Case filings show that the company has filed a list of its creditors who have made the 20 largest unsecured claims and are not insiders. The total sum of these claims, as per the filing, is more than $1 million.
Samson MCA, LLC has made the largest claim of over $685,000. Other unsecured creditors listed in the petition include IPFS Corporation, Leviton Law Firm, Buckeye Business Solutions, LLC, and more.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
More Highlights from the Petition
The case filings show that the document filings of Platinum Express, Inc. included a corporate ownership statement.
Other details from the Chapter 11 petition are summarized here:
- Filing Date: May 7, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Ohio
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 3:26-bk-31005
- Estimated Assets: Between $1,000,001 – $10 million
- Estimated Liabilities: Between $1,000,001 – $10 million
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
About the Company
Founded in 1999, the company operates a fleet of more than 65 trucks. While the family-owned business currently serves all 48 contiguous U.S. states, it originally began operations with just four trucks.
According to its website, Platinum Express, Inc. works with owner-operators as well as company drivers. Besides freight transportation, the company provides in-house support services, newer equipment, and more offerings to drivers.
Despite having a two decade plus experience, the bankruptcy of the Dayton, OH-based company highlights a financial strain currently facing the trucking industry. New developments in the case and subsequent court rulings for the company can emerge in the coming days.
