Trucking Company Comcar’s Chapter 11 Liquidation Plan Approved

Hauling services provider Comcar Industries Inc. will create two trusts to liquidate after selling its business units and settling outstanding disputes with creditors.

The Chapter 11 liquidation plan confirmed Wednesday will distribute the company’s remaining assets via a wind-down trust and liquidating trust.

Since its bankruptcy filing in May 2020, the Auburndale, Fla.-based Comcar has sold all its major business units, including a construction material trucking business, chemical transport business, bulk carrier business, and several trailers.

Comcar’s pre-bankruptcy term loan lenders—listed in court filings as FIE, or B2 FIE VII LLC and B2 FIE VIII LLC—are expected to recover about ...