Earlier this month, Denton-based Titus Transportation filed for Chapter 11 bankruptcy protection.  Chapter 11 bankruptcy allows a business to continue operating while they make plans to reorganize the company and pay off debts.

Titus is a dry and refrigerated van carrier that has contracted with Dillon Stores since 2008.  Some of Titus’ customers include Coors, Kroger, Wal-Mart, Food Lion, and Sysco.  Titus owes almost $2.2 million to over 200 businesses.  Six of Titus’ creditors are owed over $1 million.

The Hutchinson News reported that Titus owes around $557, 300 in accrued wages and salaries.  Titus asked the court to allow them to pay for employee benefits like health and life insurance.

If you or someone you know is considering filing for Chapter 11 bankruptcy, contact the Galveston Chapter 11 bankruptcy attorneys of Gipson, Norman & Root at 281-332-4800 to learn more about your rights.