Background
On August 6, 2023 Yellow Corporation and 23 affiliates filed for Chapter 11 protection in the District of Delaware. Yellow is a publicly traded trucking and logistics company specializing in less-than-truckload services in North America. Beginning in 2019 Yellow began implementing a modernization program called "One Yellow" which required significant cooperation with its heavily unionized workforce. A strike in July effectively stopped all shipments and precipitated the need to terminate all employees and begin a liquidation under Chapter 11. The Debtors filed with bidding procedures and sought to sell all of their assets.
Pre-petition Capital Structure
{{is-yellow-corp}}
Proposed Treatment
On August 6, 2023 Yellow Corporation and 23 affiliates filed for Chapter 11 protection in the District of Delaware. Yellow is a publicly traded trucking and logistics company specializing in less-than-truckload services in North America. Beginning in 2019 Yellow began implementing a modernization program called "One Yellow" which required significant cooperation with its heavily unionized workforce. A strike in July effectively stopped all shipments and precipitated the need to terminate all employees and begin a liquidation under Chapter 11. The Debtors filed with bidding procedures and sought to sell all of their assets.
Estimated Recovery
On August 6, 2023 Yellow Corporation and 23 affiliates filed for Chapter 11 protection in the District of Delaware. Yellow is a publicly traded trucking and logistics company specializing in less-than-truckload services in North America. Beginning in 2019 Yellow began implementing a modernization program called "One Yellow" which required significant cooperation with its heavily unionized workforce. A strike in July effectively stopped all shipments and precipitated the need to terminate all employees and begin a liquidation under Chapter 11. The Debtors filed with bidding procedures and sought to sell all of their assets.
{{is-yellow-corp-2}}
Ready to sell claims?
Ready to buy claims?
Articles
FAQs
We firmly believe that every claim holder should be entitled to recover the highest possible amount on their claim. That is why we charge zero fees to claim holders to register, list, sell, or transfer claims or to access resources on the Xclaim Marketplace.
While we focus on cases with existing buyer interest, we cannot guarantee that you will receive an offer or that a buyer will agree to purchase your claim. Interest in claims is highly dependent on individual claim attributes.
Xclaim operates the Xclaim Marketplace and related services but does not buy claims for its own account. Xclaim acts as a broker for larger, complex claims on a case by case basis. Independent affiliates of Xclaim may purchase claims or identify claims for purchase as a service on behalf of registered buyers.
