Lila Kate Trucking LLC, a Roanoke, Alabama-based carrier, filed for Chapter 11 bankruptcy protection on Friday. The company is seeking to reorganize under Subchapter V of Chapter 11, a provision designed to streamline restructuring for small businesses. The filing was made in the U.S. Bankruptcy Court for the Middle District of Alabama, according to court records.

**Assets and Liabilities**

In its voluntary petition, Lila Kate Trucking estimated both its assets and liabilities at between $1 million and $10 million. The company reported having between one and 49 creditors. The debtor indicated that after administrative expenses are paid, no funds would be available for distribution to unsecured creditors.

The petition was signed by Matthew Brown, listed as managing member, and filed by Montgomery-based attorney Paul D. Esco.

**Company Says Operations Will Continue**

Brown told FreightWaves the carrier intends to continue operating during the restructuring process. “We will absolutely continue operations. We will come out of this stronger than ever,” Brown said. “We strategically utilized the timing of the filing with the rebounding freight market. We will continue to offer our customers, as well as all our valued employees, the top tier service we are known for.”

Subchapter V allows qualifying small businesses to restructure debts while maintaining control of day-to-day operations.

**Fleet Profile**

According to the Federal Motor Carrier Safety Ad