Forbes Distribution & Warehousing, Inc. has filed for Chapter 11 bankruptcy protection. Case filings show that the logistics and warehousing provider currently faces a financial imbalance, demonstrated through a wide gap between its estimated assets and liabilities.
Through the court-supervised process, the company is seeking to regain its financial footing. Its daily operations are expected to continue as normal throughout the process.
Forbes Distribution & Warehousing, Inc. Enters Bankruptcy
After 25 years of operations in the Myrtle Beach and surrounding areas, the company voluntarily decided to navigate Chapter 11 proceedings. It submitted the petition on May 19, 2026, as per the case details on PACER.
Court filings state Forbes Distribution & Warehousing, Inc. qualifies as a small business debtor.
Attorney Robert H. Cooper of The Cooper Law Firm is offering legal representation to the company.
Highlights from the Petition
Filing details show President Amara N. Wolff and Vice President David A. Iseman signed the petition prior to submission.
Several documents, as listed in the petition, have already been shared. This includes a tax return statement, cost of goods sold, compensation of officers, and more financial details.
The company also submitted a list of creditors with the largest unsecured claims. These include Duke Enterprises, Inc., The Hannover Insurance Group, Yandle Mobile Storage, and more.
Court filings indicate that funds may be available for distribution to unsecured creditors.
The petition shows a significant gap between estimated assets and liabilities, reflecting financial distress. While liabilities are listed between $100,000 and $500,000, assets are reported at up to $50,000. This hints that Forbes Distribution & Warehousing, Inc. owes more than what it owns.
A summary of the Chapter 11 petition is given here:
- Filing Date: May 19, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of South Carolina
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-02249-jd
- Estimated Assets: Between $0 and $50,000
- Estimated Liabilities: Between $100,001 to $500,000
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
About the Company
As a logistics and warehousing firm, Forbes Distribution & Warehousing, Inc. has been offering its services for more than two decades. Some of these services include commercial warehousing, cross-docking, inventory management, FF&E installation, final-mile delivery, retail merchandising, residential moving, and commercial moving.
Its offerings across the Myrtle Beach region span sectors, including hospitality, retail, healthcare, residential development, logistics, and construction. As per the company website, some of its customers and partners include Wayfair, Embassy Suites, Flexsteel Industries, and Home Depot.
The website adds that the company is licensed, insured, and registered with the Public Service Commission of South Carolina.
The latest filing marks a crucial point for the logistics and warehousing company as it proceeds in its restructuring efforts. The outcome of the case is expected to shape the company’s long-term operational and financial future in the Myrtle Beach area.
