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Family-owned Michigan trucking company files for Chapter 11 bankruptcy

A Michigan motor carrier that specializes in hauling fuel recently filed for bankruptcy protection.

Last week, Alma, Michigan-based Great Lakes Petroleum Transportation, LLC., along with affiliate companies Great Lakes Petroleum Corp. and Great Lakes Holdings LLC, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan.

Great Lakes Petroleum Transportation employs 49 drivers and operates 59 power units, according to the FMCSA’s SAFER website.

Great Lakes Petroleum Transportation’s bankruptcy filings listed company assets at between $50,000 and $1 million and liabilities at between $1 million and $10 million.

The company listed declining revenue in 2021 in bankruptcy filings.

The company was a recipient of a U.S. Small Business Administration’s Paycheck Protection Program (PPP) loan during the pandemic.

Great Lakes Petroleum was founded in 1976 and is family owned and operated, providing a variety of fuel management and delivery services.