Coach America Bankruptcy Filing Shouldn’t Affect Southern MD Commuters
Posted on Apr 30, 2012
Coach America, the 3,000 vehicle-strong foremost charter and tour bus line in the United States, filed for Chapter 11 bankruptcy protection early this January. Currently, the company has $274 million in assets and $402 million in liabilities.
Ron Junior, the regional vice president of a local Coach America affiliate, told customers that there will be “no anticipated issues or service problems” resulting from the financial reorganization process.
Hanover-based Coach America subsidiary Dillon’s Bus Service operates a number of charter and commuter routes in and around Southern Maryland, including Baltimore, Annapolis, Bethesda and the District of Columbia. The service provides over 70 daily trips between Charles County and Washington D.C., and nearly 60 between D.C. and St. Mary’s County.
Apparently responding to concern about service interruptions, Junior assured commuters that the company will find solutions without impacting service. If debts cannot successfully be reorganized, then Coach America may consider selling some of their affiliates to new owners to help reduce debt.
Maryland Transit Administration spokesman Terry Owens reported that the state has contingency plans in place to prevent service interruption in the unlikely event that Coach America is unable to successfully reorganize.
Are you struggling with Virginia, Maryland or District of Columbia consumer debt? The Northern Virginia bankruptcy attorneys at the Strong Law Firm may be able to help get you started on the path to recovery with a free and confidential case review. To talk with one of our attorneys today, call our offices toll-free at 887-344-8189. You can also contact us through our quick online contact form.