New England Motor Freight confirms liquidation plan
New England Motor Freight, Inc. filed chapter 11 in the District of New Jersey on February 11, 2019, with related affiliate cases including Apex Logistics, Carrier Industries, Eastern Freight Ways, NEMF Logistics, and United Express Solar. The petition listed the debtor as a corporation with estimated assets of $100 million to $500 million, estimated liabilities of $50 million to $100 million, and 200 to 999 creditors, putting the case in a mid-market freight liquidation posture from the outset source filing.
Judge John K. Sherwood confirmed the Third Amended Joint Combined Plan of Liquidation and Disclosure Statement on January 15, 2020. The plan was proposed by the debtors and the Official Committee of Unsecured Creditors; objections were resolved, overruled, or withdrawn; impaired secured-lender and general-unsecured classes, including Class 5D, voted to accept. Confirmation shifted the case from chapter 11 administration into plan implementation, with a liquidating trustee responsible for payments and distributions while the debtors' businesses were fully liquidated source filing.