AMERICAN TRADERS, INC. Bankruptcy Filing

AMERICAN TRADERS, INC. Filing Information

AMERICAN TRADERS, INC., a California-based corporation, has filed for Chapter 11 bankruptcy protection. The company filed its petition on October 11, 2024, with case number 24-90602, under the jurisdiction of the United States Bankruptcy Court for the Eastern District of California. Judge Ronald H. Sargis will oversee the bankruptcy proceedings. The corporation's address is listed as 1720 Sisk Road, Modesto, CA. According to bankruptcy information, this filing marks a significant step in AMERICAN TRADERS, INC.'s restructuring efforts, with the company seeking protection under Chapter 11 of the US Bankruptcy Code. This chapter provides a framework for reorganizing debts and creating a plan to emerge from financial difficulties. With its filing, AMERICAN TRADERS, INC. aims to navigate this process and achieve a successful turnaround, subject to the supervision of Judge Sargis and the court.

American Traders, Inc., a company operating in the traveler accommodation industry, has filed for bankruptcy. The filing indicates that the company's assets are valued within the range of $1 million to $10 million. Conversely, its liabilities also fall within this range, suggesting a relatively stable balance sheet before the bankruptcy. Notably, American Traders, Inc. has only one creditor listed, indicating that the company may have had limited financial obligations prior to filing for bankruptcy. As a business in the traveler accommodation sector, it is likely that the company catered to travelers seeking short-term accommodations, possibly through various channels such as hotels or vacation rentals. The specifics of the case are still emerging, but this initial information paints a picture of a relatively small and manageable financial situation prior to the bankruptcy filing.

AMERICAN TRADERS, INC. 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.