Ricky Sellers Trucking, LLC, an interstate freight carrier, filed for Chapter 11 with the Southern District of Alabama court on October 22. The company plans to reorganize its finances and operations, while continuing to operate under Chapter 11 protection.
Ricky Sellers Trucking, LLC Begins Bankruptcy Procedure
Ricky Sellers Trucking, LLC provides transportation for hire for various cargo types. The bankruptcy case, which is docketed under 2:25-bk-20296, was filed by attorney Barry A. Friedman. A court document revealed that the company reported assets between $500,001 and $1 million.
Its liabilities are estimated between $1 million and $10 million, with roughly 1 to 49 creditors involved.
According to Pacermonitor, the filing, made under the small business provisions of Chapter 11, allows the company to reorganize while staying operational.
The court has given a deadline to submit the remaining documents on November 5. The restructuring will let Ricky Sellers Trucking streamline operations and address its outstanding debts.
Chapter 11 offers a bankruptcy provision that allows businesses to continue operating while developing a court-approved plan to repay creditors over time.
About the Company
Ricky Sellers Trucking, LLC is a Linden, Alabama-based interstate freight carrier. The company moves everything from lumber and construction materials to fresh and refrigerated produce across state lines. The company was established around 2010 and operates a fleet of nearly two dozen trucks and trailers.
Ricky Sellers Trucking is an active interstate carrier with the Federal Motor Carrier Safety Administration (FMCSA). It operates a fleet of Peterbilt and Volvo trucks, along with Utility and CIMC trailers. It provides both refrigerated (reefer) and flatbed freight services.
