A.G. New York Transportation, a Florida-based transit company, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Middle District of Florida. Filed on October 13, the move allows the company to restructure its debts and continue operations.
A.G. New York Transportation, Inc. Opts for Bankruptcy Protection
A.G. New York Transportation, Inc. has filed for Chapter 11 bankruptcy under Subchapter V, a streamlined process designed for small businesses. The petition was filed by attorney Daniel A. Velasquez on behalf of the company, as per the court document.
The filing includes a Statement of Corporate Ownership and a Voluntary Petition. Many required financial disclosures, including the Statement of Financial Affairs and Disclosure of Compensation, have been listed as incomplete.
According to Pacermonitor, A.G. New York Transportation, Inc. has reported assets between $0 and $50,000 and liabilities from $1,000,001 to $10 million. The company has listed up to 49 creditors.
The company paid a $1,738 filing fee to the U.S. Treasury as part of the Chapter 11 process. The court has set a deadline of January 11, 2026, for A.G. New York Transportation to submit its Chapter 11 reorganization plan.
According to the filing, the court has issued a notice, directing the debtor and counsel to comply with Local Rule 2081-1. The rule governs the procedures for Chapter 11 and document submissions.
