WebJun 1, 2024 · The case is In re IPS Worldwide, LLC, Adversary Proceeding Number – 6:21-ap-00046 in the United Bankruptcy Court for Middle District of Florida. The law firm of Buss Ross is representing the Defendants. The Trustee is represented by the law firm of Genovese Joblove & Battista. (34) Last month when IPS Worldwide, an Ormond Beach, Florida-based freight audit and payment services provider, filed a petition for Chapter 11 bankruptcy protection, details were somewhat scanty. A payments company with assets worth less than $50,000 had managed to accrue liabilities of between $100 … See more The Chapter 11 filing was necessitated by accumulated trade debt, leading to customer frustrations, and the resulting desire by IPS to address customer concerns, reorganize the business and continue operations, … See more YRC and IPS entered into a business arrangement in October 2016. In late 2024, YRC said that it discovered that IPS was several weeks behind in processing invoices for payment. See more One of the questions that remains to be answered is why large publicly traded enterprises would entrust a large freight spend with a small, … See more IPS Worldwides collapse dwarfs the previous round of failures in the unregulated freight bill audit and payment industry; IPS initial estimates of its liabilities total $119 … See more
In Rare Step, IPS Worldwide Gets Court-Appointed Chapter 11 …
WebJan 29, 2024 · Just think about this: IPS Worldwide claimed to process over $8 billion a year in freight payments and now has less than $50,000 in assets based on its bankruptcy … WebFeb 11, 2024 · An examiner will be appointed in the bankruptcy of IPS Worldwide LLC, a freight-payments services provider that a government watchdog says has been unable to account for tens of millions of... dale hightower
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WebDec 4, 2024 · IPS Worldwide LLC’s bankruptcy trustee won conditional approval of disclosures, paving the way for creditors’ vote on his plan to pay them pennies on the dollar. The trustee for the freight logistics company will pay unsecured creditors, who have claims of about $100 million, from an $8 million pool of cash on hand, according to a ... WebFind many great new & used options and get the best deals for LG Philips LP156WFH(SP)(B1) 15.6 FHD AG IPS display screen matte 16.7M 100% sRGB at the best online prices at eBay! Free shipping for many products! WebA robust and secure technology platform We process more than 15 million invoices annually worth more than $4 billion—that's over 16,000 invoices and $1.5 million an … dale hightower attorney