Operations

Miami Limo Company Filing Chapter 11 Stays In Business

Posted on January 28, 2016

MIAMI -- With ride-sharing companies like Uber and Lyft gaining in popularity, a Miami Lakes company that provides old-school chauffeurs with luxury vehicles filed Chapter 11 reorganization.

Worldwide Transportation Services filed for protection from creditors in U.S. Bankruptcy Court in Miami on Jan. 26. Its attorney, Eyal Berger, stressed that the company was operating as usual and continuing to provide service to its clients.

Berger said the main reason Worldwide Transportation Services filed Chapter 11 was litigation costs. A handful of its drivers filed wage lawsuits against the company over claims they should have been paid like employees, not independent contractors, he said. The expenses from defending those lawsuits caused a liquidity crunch at the company, Berger said. Its cash flow from operations was otherwise fine, he said.

South Florida Business Journal article here

Related Topics: bankruptcy, driver pay, employee vs independent contractor, Florida operators, lawsuits, Legal Issues, wage lawsuits

Comments ( 4 )
  • Gordon Miller

     | about 3 years ago

    An amazing article. It’s nice to read a quality blog post. I think you made some good points in this post. I really appreciate sharing this great post. https://www.grandlimousine.com/

  • See all comments
More Stories
Determine your opportunities. How can you stand out among those who provide the same type of service? Where is there room for improvement, and what can you do to achieve it? Source: Square
Article

Make Your Rival Your Fuel

OCT. LCT DISRUPTIVE DISCOURSE: The time you spend worrying about what others are doing or might do is time better spent doing all it takes to become the MVP of your industry.