Wall RSS FeedActive Owner: JHT Holdings Files Chapter 11
AS POSTED ON TDU - Teamsters for a Democratic Union
June 27, 2008: The effects of the struggling economy on the trucking industry have hit JHT Holdings Inc., a holding company specializing in the transportation of heavy- and medium-duty trucks.
The Kenosha, WI-based company and its 16 subsidiaries filed Chapter 11 bankruptcy on Tuesday in the U.S. Bankruptcy Court for the District of Delaware. The filing was voluntary and pre-negotiated with many of its lenders, the company said. Chapter 11 filings allow a company to reorganize financially while seeking relief from creditors.
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