Recent News >> Brokings Transport Confirms Plan of Reorganization and exits Chapter 11 Bankruptcy


 

Brokings Transport Confirms Plan of Reorganization and exits Chapter 11 Bankruptcy

 

September 30th, 2015

 

 

GuideSource served Brokings Transport as court-approved financial consultant for Brokings Transport during its yearlong reorganization while operating in bankruptcy.  After restructuring and achieving meaningful profitability, on September 30, 2015, Brokings Transport emerged from bankruptcy after a consensual deal was struck with its unsecured creditors.  GuideSource considered it a privilege to have served Brokings Transport as they reorganized.  Preserving the jobs in Grand Rapids was important to families and the community.  GuideSource is excited for the future of Brokings Transport.