Crown Cars & Limousines, Inc. filed for bankruptcy after reporting a large gap between its assets and liabilities. The Chapter 11 filing allows the company to keep operating while it reorganizes its finances.
Crown Cars & Limousines, Inc. Filed for Bankruptcy
Crown Cars & Limousines, Inc. filed for bankruptcy on November 20, 2025. The petition was filed at the U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division. It was filed under Subchapter V of Chapter 11.
The company provides airport transfers, event rides, wedding transportation, and corporate services. The company has built a reputation for luxury ground transportation and high-end service across Illinois.
Through this bankruptcy filing, the company will be able to repay its debts without having to liquidate. Under court supervision, the company will reorganize its finances and repay creditors. The company will also be able to continue operating during the court proceedings, ensuring that it does not lose any business.
Bankruptcy Filing Details
According to the official filing, the company shows a significant imbalance in its assets and liabilities, with 1-49 creditors. The filing fee has been paid by the company, and a list of creditors has been submitted to the court. Some required documents are still pending submission to the court.
Here are the details of the bankruptcy filing:
- Filing Date:Â November 20, 2025
- Court and Jurisdiction:Â U.S. Bankruptcy Court for the District of Illinois, Eastern Division
- Type of Filing:Â Active, Voluntary Petition
- Chapter:Â 11, Subchapter V
- Case Number:Â 1:25-bk-17979
- Estimated Assets:Â $100,001 to $500,001
- Estimated Liabilities:Â $1 million to $10 million
- Reason for Filing:Â Financial troubles that require court supervision.
Attorney William Factor will represent the debtor in court during the proceedings. Judge Deborah L Thorne will see through the case. Once the petition is accepted by the court, the company will present a reorganization plan.
Upon approval, the plan will be followed under court supervision. Through this plan, the company will be able to clear its debts and get through this period.
