MEDINA, Ohio (WJW) A Medina propane company that shuttered suddenly, leaving customers out in the cold, filed for bankruptcy last week, according to a statement issued Wednesday.<\/p>\n
Its customers some of whom pre-paid thousands of dollars for propane service that wont be fulfilled may now see refunds through the companys Chapter 7 bankruptcy liquidation process, according to the statement.<\/p>\n
In a Chapter 7 claim, customers claims take priority over other creditors, according to the statement. Through its bankruptcy proceedings, a trustee will be appointed to liquidate the companys assets, paying back its customers first.<\/p>\n
The decision to file was made by Thriftys management only after long and serious consideration of all the options available to Thrifty, it reads. Thrifty was confronted with a cash flow crisis caused by several factors both internal and external, and governmental regulatory actions. Thrifty was ultimately forced to close its doors as a result of those actions.<\/p>\n
Attorney General Dave Yost last month sued the propane supplier, citing numerous consumer protections violations. His office received more than 100 consumer complaints about Thrifty Propane this year alone.<\/p>\n
In 2018, when Thrifty Propane was struggling to keep up with customers orders, FOX 8 reported on hundreds of other complaints against the company.<\/p>\n
This summer they were trying to get people to give money. They sent emails stating they wanted you to pre-buy and only pay half of it so, to me, that was a major red flag, customer Lesley McDonald told FOX 8. I realize we live in a really unfair world, but they need to be held responsible.<\/p>\n
The company in 2018 had about 50,000 customers in nine states, FOX 8 reported.<\/p>\n
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Cash crunch caused Thrifty Propane to file for bankruptcy: statement - WJW FOX 8 News Cleveland<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" MEDINA, Ohio (WJW) A Medina propane company that shuttered suddenly, leaving customers out in the cold, filed for bankruptcy last week, according to a statement issued Wednesday. Its customers some of whom pre-paid thousands of dollars for propane service that wont be fulfilled may now see refunds through the companys Chapter 7 bankruptcy liquidation process, according to the statement Continue reading