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

[D. Blair Clark]

Do they have any sort of T-Check system any more?  Who's the credit card
issuer?  Does that lender have a secured position in anything?  I have had
this problem come up but it's been quite a while ago.  We were able to work
it out with the lender who was also the card issuer.  

D. Blair Clark
LAW OFFICES OF D. BLAIR CLARK PC
1513 Tyrell Lane, Suite 130
Boise, ID 83706
Phone:  208-475-2050
Fax:  208-475-2055


-----Original Message-----
From: CLBS [mailto:clbs-bounces at admws.idaho.gov] On Behalf Of Holly Roark
Sent: Monday, October 3, 2016 11:03 AM
To: clbs at admws.idaho.gov
Subject: [CLBS] CH 11 - has anyone had a CH 11 for a a trucking co which has
to pay fuel every day?

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

 

ROARK LAW OFFICES

950 Bannock Street | Suite 1100 | Boise, Idaho 83702

Phone:  (208) 536-3638

Fax: (310) 553-2601

E-mail:   <mailto:holly at roarklawboise.com> holly at roarklawboise.com Website:
<http://www.roarklawboise.com/> www.roarklawboise.com

 

*This communication does not create an attorney-client relationship.

Unless you have signed a retainer agreement with Roark Law Offices, this 

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