A Pierce, Colorado, trucking company has filed for Chapter 11 bankruptcy.
Indian Creek Express filed for bankruptcy in the U.S. Bankruptcy Court for the District of Colorado on Monday. The filing was made by company President Donne Jefferson.
According to the bankruptcy filing obtained by FreightWaves, Indian Creek Express has $1 million-$10 million in liabilities to one to 49 creditors. The company has up to $50,000 in assets.
Top creditors are Daimler Truck Financial Services in Fort Worth, Texas, claiming $1.9 million, BMO Bank in Indianapolis, claiming $1.3 million, and Cobalt Funding Solutions in New York, claiming $186,343.
According to SAFER data, Indian Creek Express hauls general freight, metal, building materials, fresh produce, livestock, grain, meat, refrigerated food, beverages and paper products. The company employees 40 drivers and operates 43 power units.
In the last 24 months, the company has had 35 vehicle inspections and 80 driver inspections. Six of these vehicles and one of the drivers were put out of service.
Indian Creek Express has reported seven crashes in the past two years. One of these crashes was fatal and another resulted in injury.
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