WRKE, LLC, which is doing business as Grand True Value Rental, an equipment and tool rental company, has filed for bankruptcy. Case records do not specify the reasons for the New Orleans-based company’s filing.
Note: Chapter 11 allows businesses to reorganize their debts while continuing operations under court supervision. WRKE, LLC has filed for Chapter 11 Subchapter V. This provides a streamlined process for qualifying small business debtors. A Chapter 11 filing does not necessarily mean that a business is closing. For additional information, readers are encouraged to contact the business directly
WRKE, LLC Files for Bankruptcy
Case records, as available on the PACER database, show that the company submitted its petition on November 10. WRKE, LLC listed more than 50 creditors in the filing.
Court records show that WRKE, LLC submitted a list of creditors with the largest unsecured claims. These claims are tied to fuel, working capital, parts and services, bookkeeping and franchise/co-op suppliers. The unsecured creditors are the City of New Orleans, Oakmont Capital Services, Retif Oil & Fuel, L.L.C, and others.
Richard Edrington, Jr., listed as the managing member, signed the petition before it was filed. Attorney Frederick Bunol of Derbes Law Firm, LLC is legally representing the company.
A summary of the Chapter 11 petition is shared here:
- Filing Date: November 11, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Eastern District OF Louisiana, New Orleans Division
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-81325
- Estimated Assets: Between $500,001 and $1 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 50 and 99
About the Company
Grand True Value Rental has been serving as a general equipment and tool business since 2008. According to Yelp, Wiggins and Richard Edrington founded the business. Offerings catered to homeowners and small contractors who often faced strict credit requirements and lengthy approval processes at larger rental companies. The founders drew on their experience in the equipment rental industry to make tools and equipment more accessible to these customers.
The company serves the greater New Orleans metropolitan area. It caters to customers involved in construction, landscaping, and home improvement projects. RK Consultants shows that its rental fleet covers more than 25 equipment categories. This includes aerial lifts, concrete equipment, and earthmoving machinery. The business operates from its facility on Canal Boulevard in New Orleans.
WRKE, LLC’s Chapter 11 case will proceed under court supervision as the company seeks to reorganize its debts.
