Freight Broker Bankruptcy
Are you owed money from a broker who filed bankruptcy?
It doesn't matter if the broker filed bankruptcy, we can still recover any amount you are owed, regardless of the broker's financial status.
Per the terms of bankruptcy, the party filing bankruptcy can only include assets belonging to their company. Since the freight charges owed to the carrier are never an asset belonging to the broker, the carrier's freight charges cannot be included in the broker's bankruptcy.
Many shippers and/or consignees will argue they paid their freight broker who filed for bankruptcy and will expect the carrier to attempt to file on the broker's bankruptcy to recover their freight payment. This typically takes more time than what it's worth and doesn't ensure 100% payout, that is if a payout is even an option.
Due to the Statute of Limitations regarding unpaid freight debt, time is not a luxury a carrier has when attempting to recover their unpaid freight receivables.
DON'T ACCEPT A BROKER'S BANKRUPTCY STATUS TO KEEP YOU FROM RECOVERING YOUR UNPAID FREIGHT RECEIVABLES.