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Megabus was the favorite cheap travel option for millennials. Then it ran out of gas. ... According to court filings, Coach USA had $197.8 million in debt when it filed for bankruptcy, ...
In June 2024, Coach USA filed for Chapter 11 bankruptcy, blaming corporate impact caused by the COVID-19 pandemic. The company has plans to sell its assets, and is planning to sell its Megabus subsidiaries to Bus Company Holdings, a unit of the Renco Group. [20] Avalon Transportation acquired Lenzner, Kerrville, All West and ACL Atlanta.
The Megabus fleet has the megabus.com name on the front and sides in yellow against a blue base and the Megabus logo on the left side of the coach (facing forward) and rear of the bus. The DATTCO fleet used for Megabus service also has Megabus logos, but with a DATTCO logo instead of a Coach USA logo for Megabus buses owned and operated by DATTCO.
In June 2024, Coach USA filed for Chapter 11 bankruptcy, blaming corporate impact caused by the COVID-19 pandemic. The company has plans to sell its assets, and has planning to sell its Megabus subsidiaries (including Wisconsin Coach Lines) to Bus Company Holdings, a unit of the Renco Group. [2]
Rumors of the company's unstable financial status have been floating for months, and documents filed in U.S. Bankruptcy Court for the District of Delaware indicate Coach's leadership first ...
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In June 2024, Coach USA filed for Chapter 11 bankruptcy, blaming corporate impact caused by the COVID-19 pandemic. The company has plans to sell its assets and has planning to sell its Megabus subsidiaries (including Coach Canada) to Bus Company Holdings, a unit of the Renco Group. [6]
Chapter 7 bankruptcy. The most common type of bankruptcy, a chapter 7 filing involves liquidating — or selling — your assets to pay off your creditors and debts. Chapter 13 bankruptcy.