Coach USA, Inc.

  1. August 13, 2024

    Coach USA Gets Nod On Sales Of Bus Lines In Ch. 11

    Bus company Coach USA won a Delaware bankruptcy judge's approval Tuesday on four sales of bus routes and property after defeating an objection brought by the U.S. Trustee's Office, allowing the debtor to complete a deal that it said will preserve more than 2,000 jobs.

  2. August 08, 2024

    Coach USA Drops Ch. 11 Auction, Takes Stalking Horse Bids

    Bus line operator Coach USA Inc. informed a Delaware bankruptcy court that it did not receive any qualified offers for its three major assets beyond the initial stalking horse bids it had when entering bankruptcy.

  3. July 26, 2024

    US Trustee Raises Jevic Concerns In Coach USA Ch. 11 Sale

    The U.S. Trustee's Office on Friday objected to the bidding procedures proposed by bus line operator Coach USA, arguing that a requirement in the company's debtor-in-possession loan agreement to set aside $3.5 million to pay unsecured creditors may be improper because it flouts bankruptcy rules regarding creditor priority.

  4. July 08, 2024

    Bus Co. Coach Gets $8M Stalking-Horse Bid For More Assets

    An industrial transportation provider submitted a roughly $8 million stalking-horse offer for some of the remaining assets of intercity bus operator Coach USA, as the insolvent company seeks to sell more of its assets while in Chapter 11 in Delaware.

  5. June 14, 2024

    Meet The Attorneys In Coach USA Inc.'s Ch. 11

    A team of lawyers from Young Conaway Stargatt & Taylor LLP and Alston & Bird LLP whose experience encompasses complex restructurings is helping bus company Coach USA Inc. navigate Chapter 11 so the company can auction off its assets in August.

  6. June 13, 2024

    Transport Co. Coach Can Use $200M DIP To Fund Ch. 11 Sale

    A Delaware bankruptcy judge agreed Thursday to grant interim approval for bus operator Coach USA's almost $200 million debtor-in-possession package, allowing it to access some $20 million in new funds as it works toward a sale of its assets in the Chapter 11 case.

  7. June 12, 2024

    COVID Set Bus Co. Coach USA On Road To Ch. 11

    Coach USA's long road to bankruptcy began more than four years ago, when measures designed to prevent the spread of COVID-19 forced the operator of Megabus and other transportation services to shut down its bus lines completely in some regions, and its business hasn't been able to recover since.