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Bankruptcy Reorganization Chapter 11

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September 19, 2012

Richfield Equities, L.L.C. Files For Chapter 11

  • Debtor Name:  Richfield Equities, L.L.C.
  • Year Filed:  2012
  • Jurisdiction:  United States Bankruptcy Court / Eastern District of Michigan
  • Asset Size:  Less than 10,000,000
  • Case Number:  12-33788
  • Industry:  Environmental Services

Affiliated debtors include Richfield Landfill, Inc.; Richfield Management, L.L.C. and Waste Away Disposal, L.L.C.   

Their core business provides for landfill operation and collection, transfer and disposal services for solid waste.  According to Court documents, the Debtors had consolidated gross revenues of approximately $26.1 million and net losses of $2.5 million for the twelve months ending April 30, 2012.

The Debtors blame the Chapter 11 filing on increased disposal expenses; increased fuel prices and capacity constraints at their landfills.  The Debtors intend to "continue to pursue transactions for the sales of substantially all of their assets.."

The Debtors are represented by Carson Fischer, P.L.C. 

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