Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

FRESH

Sunday, March 16, 2025
Logistics

Illinois construction trucking company files Chapter 11 bankruptcy

Franco Hauling LLC, a service-disabled veteran-owned construction hauling company based in Bensenville, Illinois, has filed for Chapter 11 bankruptcy protection in the Northern District of Illinois.

According to the 42-page bankruptcy court filing obtained by FreightWaves, the business, owned by July Franco, has up to 49 estimated creditors.  Franco Hauling has estimated assets of between $50,000 and $100,000, and the company has $500,000 to $1 million in liabilities.

Top creditors with the largest unsecured claims include Trustees of the Suburban Teamsters Northern III Welfare Pension Funds ($349,439), Schaumburg Bank & Trust ($84,508) and Graciela Franco ($40,000).

The filing stated that the trustees of the Suburban Teamsters Northern III are claiming dues pursuant to a collective bargaining agreement. Teamsters Local 673 in West Chicago, Illinois, is also claiming $15,150 in union dues.

Franco Hauling LLC operates transportation for the construction industry in the Chicago metropolitan area.

The company is filing under Subchapter V of Chapter 11, allowing streamlined reorganization procedures for small businesses.

The post Illinois construction trucking company files Chapter 11 bankruptcy appeared first on FreightWaves.

Related Posts

Load More Posts Loading...No More Posts.