DIRT CHEAP OF LOUISIANA, LLC Bankruptcy Filing

DIRT CHEAP OF LOUISIANA, LLC Filing Information

DIRT CHEAP OF LOUISIANA, LLC filed for Chapter 11 bankruptcy on October 10, 2024, with case number 24-12319. The corporation, based at 6892 US Hwy 49 North, Hattiesburg MS, will seek reorganization under the protection of federal bankruptcy laws. Bankruptcy information indicates that DIRT CHEAP OF LOUISIANA, LLC has initiated this process in an effort to restructuring its debt and improving its financial stability. The court presiding over the case is Judge Thomas M Horan, who will oversee the Chapter 11 proceedings for the Louisiana-based company. With a bankruptcy filing, DIRT CHEAP OF LOUISIANA, LLC joins a growing list of businesses seeking to reorganize under the protections afforded by Chapter 11 of the US Bankruptcy Code.

DIRT CHEAP OF LOUISIANA, LLC has filed for bankruptcy, marking a significant development in the company's financial struggles. According to documents filed with the court, the company is facing substantial liabilities totaling an estimated amount. Meanwhile, its assets are valued within a certain range, indicating potential opportunities for recovery or liquidation. The filing also reveals that DIRT CHEAP OF LOUISIANA, LLC has amassed a significant number of creditors, over a dozen entities impacted by the company's financial woes. Operating in the landscaping industry, the business had been struggling to maintain profitability, leading to this critical step. The court will now oversee the restructuring or liquidation process, with the aim of resolving the company's outstanding debts and determining its future viability.

DIRT CHEAP OF LOUISIANA, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.