Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after an Indiana-based household goods brokerage shuttered operations and filed Chapter 7 bankruptcy in mid-April.<\/p>\n
Guardian International Inc., doing business as Guardian Freight, filed its petition in the U.S. Bankruptcy Court for the Northern District of Indiana on April 14.<\/p>\n
Although incorporated in Maryland, the household goods companys principal office was in Fort Wayne, Indiana.<\/p>\n
In its filing, Guardian Freight lists its assets as between $50,000 and $100,000 and its liabilities as between $500,000 and $1 million.<\/p>\n
The shuttered brokerage states that it has up to 49 creditors. The company maintains that no funds will be available for unsecured creditors once it pays administrative fees.<\/p>\n
According to Guardian Freights financials, its gross revenues were approximately $164,000 in 2020, a 92% drop from the nearly $2 million in revenue it posted in 2019.<\/p>\n
According to a document filed with the Indiana secretary of states office, Sabah Abu Qiyas is the companys president and Tonya Watson served as vice president and office manager before it ceased operations.<\/p>\n
According to court documents filed in Marion County, Indiana, Superior Court, Guardian Freight was ordered to pay Indianapolis-based FitzMark Inc. nearly $20,500 in October. In a separate judgment, the court ordered the shuttered brokerage to pay SunteckTTS, which is now part of Dallas-based MODE Transportation (MODE), more than $14,200 for unpaid transportation services in December.<\/p>\n
The companys largest unsecured creditor is Cincinnati-based Loth Logistics LLC. Guardian Freight was ordered to pay Loth more than $247,000 in October in a breach-of-contract lawsuit filed in the U.S. District Court for the Southern District of Ohio.<\/p>\n
Court filings state that Guardian Freight contracted with Loth to arrange the transportation of hundreds of shipments of goods but failed to pay the brokerage.<\/p>\n
The Federal Motor Carrier Safety Administration revoked Guardian Freights household goods broker authority in May 2020.<\/p>\n
FreightWaves reached out to Guardian Freight for a comment, but neither the phone number nor the companys website was working.<\/p>\n
Other unsecured creditors listed in Guardian Freights bankruptcy petition include North & South Logistics, owed $55,000, PD&S Freight Solutions, owed nearly $57,000, and Watco Supply Chain Services, owed more than $72,400.<\/p>\n
A creditors meeting is scheduled for May 20.<\/p>\n
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Truckers, brokers owed hundreds of thousands after Indiana companys bankruptcy - FreightWaves<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Several trucking and logistics companies are collectively owed hundreds of thousands of dollars after an Indiana-based household goods brokerage shuttered operations and filed Chapter 7 bankruptcy in mid-April. Guardian International Inc., doing business as Guardian Freight, filed its petition in the U.S. Continue reading