Kal Freight Inc., a prominent name in the trucking industry, announced on Thursday that it has voluntarily filed for Chapter 11 bankruptcy protection in the Southern District of Texas. The filing also includes certain affiliated companies.
While the decision to file in Texas rather than California, where the company was originally founded, remains unclear, Kal Freight emphasized that this strategic move is designed to restructure its operations and strengthen its financial position for the future.
Commitment to “Business as Usual”
In a press release, Kal Freight assured customers, employees, and partners that it is committed to maintaining regular business operations during the restructuring process. The company aims to implement operational changes that will allow it to emerge from bankruptcy as a stronger and more efficient entity.
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Key Objectives of the Restructuring
- Operational Continuity: Kal Freight intends to maintain full employee wages and continue payments to vendors and suppliers for goods and services received after the filing date.
- Customer Focus: The company is prioritizing uninterrupted service for its customers and trade partners.
- Employee Safety: Ensuring the safety of employees and the proper functioning of its fleet remains a top priority.
- Restructuring Leadership: Bradley D. Sharp, from Development Specialists Inc., has been appointed as the Chief Restructuring Officer to oversee the process.
Access to Court Documents
Those interested in following the case can access court documents and updates through the dedicated website cases.stretto.com/KalFreight. Additional support is available via phone at 855-933-3437 (toll-free) or 714-788-8331 (international).
Legal Representation
The legal firm Pachulski Stang Ziehl & Jones is representing Kal Freight in the bankruptcy proceedings, bringing its expertise to guide the company through the restructuring process.
Looking Ahead
Kal Freight’s decision to file for Chapter 11 bankruptcy comes at a time when many companies in the logistics and trucking industry are grappling with economic challenges. By reorganizing its operations, Kal Freight hopes to solidify its financial foundation and emerge as a more competitive player in the market.
The company’s commitment to preserving employee jobs, maintaining customer service, and continuing vendor relationships reflects its focus on long-term stability and growth.
As the bankruptcy process unfolds, Kal Freight aims to demonstrate resilience and ensure minimal disruption to its operations, reinforcing its role as a key player in the trucking and logistics sector.
For further updates on the case, visit the official case website or contact the helpline.
