[CLBS] CH 11 - has anyone had a CH 11 for a a trucking co which has to pay fuel every day?

[Holly Roark]

My clients are having a hard time with any filing date I propose because (1)
they can't use cash collateral until we get court permission, and (2) all
their truckers on the road pay for gas every day with their corporate credit
cards which will likely be cut off shortly after we file. 

 

Has anyone dealt with this issue in a Chapter 11? How can these trucks
continue to operate and pay for fuel without credit cards? Also, the Debtor
can't just give these guys cash each day, even with permission for use of
cash collateral. It's about $400/per truck each day.

 

Any ideas?

Best regards,

HOLLY ROARK

Attorney at Law 

Certified Bankruptcy Specialist -

By the State Bar of California Board of Legal Specialization

 

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