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Texas hazmat trucking company files Chapter 11
Gainco had vacuum trucks loaded with hazardous waste en route for disposal when it filed bankruptcy
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Small-business truckers, logistics companies owed thousands after Texas hazmat hauler filed for Chapter 11 bankruptcy protection on Friday. Photo: Shutterstock
Small-business truckers and logistics companies are owed thousands after a Texas trucking company specializing in oilfield waste disposal and chemical clean-up services filed for Chapter 11 bankruptcy protection last week.
Gainco Inc., headquartered in Portland, Texas, filed its petition in the U.S. Bankruptcy Court for the Southern District of Texas on Friday.
In its filing, Gainco lists its assets as between $500,000 and $1 million and its liabilities as between $1 million and $10 million.  ....

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