Peace Equipment LLC, a company headquartered in Edcouch, Texas, filed for Chapter 11 bankruptcy protection this week, citing rising operating costs and “reduced income in the trucking industry.”
The company also noted merchant cash advances as being a contributing factor to Peace Equipment’s financial issues, according to court filings.
Peace Equipment filed its Chapter 11 petition, which seeks to reorganize, in the U.S. Bankruptcy Court for the Southern District of Texas on Wednesday.
