The proprietor of two defunct California trucking corporations filed for Chapter 7 chapter on Wednesday.
This motion comes after three breach-of-contract judgments amounting to over $317,000 had been entered towards Royal Flush 89 Transport and its proprietor, Getsemani Cuevas of Riverside, California.
In its submitting with the U.S. Chapter Courtroom for the Central District of California, Royal Flush lists property of as much as $50,000 and liabilities of between $500,000 and $1 million. The shuttered service states that it has as much as 49 collectors. The corporate maintains that no funds shall be out there for unsecured collectors as soon as it pays administrative charges.
Among the many firm’s record of unsecured collectors, that are final in line for cost, are Pearl Beta Funding, owed practically $172,000, Mantis Funding, owed $113,500, and Comdata Inc., owed practically $32,200. Cuevas was ordered to pay the businesses within the breach-of-contract lawsuits.
Trucking corporations Sierra Mountain Specific Inc. of Orlando, Florida, is owed practically $4,900, and H & S Automobile Carriers of Nahunta, Georgia, is owed $2,600, based on the petition.
Cuevas, who additionally owned Cuevas Transport, filed a private Chapter 7 chapter petition, itemizing property of as much as $50,000 and his liabilities of between $1 million and $10 million. Within the submitting, he lists the IRS as owed $19,500 in again taxes and the U.S. Treasury as owed greater than $26,000. Each are listed as having precedence unsecured claims towards Cuevas.
He additionally cites the authorized judgments towards Royal Flush and different firm money owed in his private submitting. The private chapter submitting consists of Cuevas Transport.
Cuevas didn’t reply to FreightWaves’ request for remark concerning the chapter filings.
His legal professional, Michael Smith of Shioda Langley & Chang of Riverside, informed FreightWaves he couldn’t touch upon the case.
Royal Flush had 12 energy items and 11 drivers, based on the Federal Motor Provider Security Administration SAFER web site. The service’s authority was revoked in December 2018 after its insurance coverage was canceled.
His intrastate service, Cuevas Transport, had 4 energy items and eight drivers earlier than shutting its doorways.
A creditor’s assembly is scheduled for March 30.
Click for more FreightWaves articles by Clarissa Hawes.
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