Schafer and Weiner, PLLC Secured Authority to Sell Tractors and Trailers

December, 2022

John Stockdale, Jr. and Joseph K. Grekin represent a trucking company in its liquidating subchapter V chapter 11 case. Many of the debtor’s tractors and trailers are secured by a loan from Huntington Bank, which, in turn, is secured by a small business administration (“SBA”) guaranty. In connection with the wind down, Schafer and Weiner, PLLC filed a motion to sell the vehicles, which Huntington contested. After two hearings before the Bankruptcy Court, Schafer and Weiner, PLLC secured the debtor’s right to sell the vehicles over Huntington’s objection.

For more information on SBA loans, click here.