R&R trucking CEO reports $12.7M in assets after company collapse
Newly filed Chapter 11 disclosures detail the personal finances of R&R Family of Companies CEO Richard Francis as litigation over the trucking group's collapse continues. The post R&R trucking CEO reports $12.7M in assets after company collapse appeared first on FreightWaves .
Richard "Rich" Francis, the former CEO of R&R Family of Companies, has revealed over $12.7 million in personal assets following the company's collapse. In court documents, Francis lists an $8.5 million Florida mansion as his largest asset, along with two Pennsylvania properties valued at $1.4 million and $200,000 respectively. Additionally, Francis is employed by Giant Logistics LLC, earning approximately $37,000 per month in gross wages.
Despite this income, Francis' monthly expenses exceed his earnings, resulting in a $22,500 monthly deficit. The bankruptcy documents also reveal several disputed claims and exemptions, indicating that Francis' potential financial exposure may exceed the reported liabilities.
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