Arrow Trucking Company filed for Chapter 7 bankruptcy liquidation last week. The filing followed a fraud charge made by Transportaion Alliance Bank Inc., one of Arrow's lenders.
According to the lender's lawsuit, the fraud charges allege that Arrow misled the lender about the company's financial condition and had not paid some taxes. The Tulsa-based flatbed carrier had been struggling financially for many months before the fraud charge and bankruptcy filing.
If you or anyone you know is considering a Chapter 7 bankruptcy liquidation, contact the Austin Chapter 7 bankruptcy lawyers of Slater, Kennon, & Jameson, LLP, at 512-338-1100.