EDWARDS PETROLEUM TRANSPORT, LLC Bankruptcy Filing

EDWARDS PETROLEUM TRANSPORT, LLC Filing Information

EDWARDS PETROLEUM TRANSPORT, LLC filed for bankruptcy on October 3, 2024, with case number 24-15170. The corporation, located at 2536 SEASCAPE DRIVE, LAS VEGAS NV, is the debtor in this matter. This significant development marks a pivotal moment for the company, as it seeks to restructure its finances and navigate any challenges that lie ahead. The bankruptcy filing is a formal declaration of insolvency, indicating that Edwards Petroleum Transport, LLC is unable to pay its debts as they become due. As the case moves forward in the Nevada court system, stakeholders will be closely watching the developments to understand the implications for the company's future operations and potential outcomes for its creditors.

EDWARDS PETROLEUM TRANSPORT, LLC has filed for bankruptcy, citing significant debt obligations. The company's assets, valued between $100,001 and $1,000,000, are substantially outweighed by its liabilities, which range from $1 million to $10 million. This indicates a substantial amount of financial strain on the business. As a general freight trucking company, Edwards Petroleum Transport operates within the transportation industry, where economic fluctuations can significantly impact revenue and cash flow. With 2-48 creditors involved in the bankruptcy proceedings, it is likely that multiple parties are affected by this filing. The exact nature and extent of these debts will need to be determined as the case unfolds.

EDWARDS PETROLEUM TRANSPORT, 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.