Hi-Way Equipment to Reorganize Under Chapter 11 Bankruptcy

Company Will Continue Operations in Ordinary Course

Houston-based Hi-Way Equipment Company LLC, along with Hi-Way Holdings LLC and HWE Real Estate LLC, reported that they have filed petitions in Fort Worth Federal Court under Chapter 11 of the United States Bankruptcy Code.

Hi-Way Equipment is a Case and Case IH equipment dealer. Hi-Way Equipment also sells and rents other quality equipment brands including Wirtgen, Gradall, Kawasaki, Astec and Pettibone. The numerous products that Hi-Way Equipment sells and rents include wheel loaders, crawler excavators, full-sized excavators, skid steers, loader backhoes, crawler dozers, forklifts, agricultural tractors and combines. In addition, Hi-Way Equipment provides parts and repair services, including scheduled maintenance, warranty services, inspections, undercarriage maintenance, remanufacturing and on-site services. Hi-Way Equipment operates 11 locations, serving customers throughout Southeast, Central and North Texas. The bankruptcy filings will allow Hi-Way Equipment to continue operating normally while the companies explore a sale.

In conjunction with the filing today, Holland N. O'Neil, a partner in the Bankruptcy and Business Reorganization Practice Group at Gardere Wynne Sewell LLP and lead bankruptcy attorney for Hi-Way Equipment, said that the companies have received an agreement from their lenders to continue the use of cash receipts to pay post-petition operating expenses, including trade and employee obligations, while the companies pursue a sale. The companies have also secured a $2 million debtor-in-possession financing, which will allow them to fund their operations. The companies expect to be sold to a strategic buyer and emerge from bankruptcy as part of a larger organization.

The publications contained in this site do not constitute legal advice. Legal advice can only be given with knowledge of the client's specific facts. By putting these publications on our website we do not intend to create a lawyer-client relationship with the user. Materials may not reflect the most current legal developments, verdicts or settlements. This information should in no way be taken as an indication of future results.

Search Tips:

You may use the wildcard symbol (*) as a root expander.  A search for "anti*" will find not only "anti", but also "anti-trust", "antique", etc.

Entering two terms together in a search field will behave as though an "OR" is being used.  For example, entering "Antique Motorcars" as a Client Name search will find results with either word in the Client Name.


AND and OR may be used in a search.  Note: they must be capitalized, e.g., "Project AND Finance." 

The + and - sign operators may be used.  The + sign indicates that the term immediately following is required, while the - sign indicates to omit results that contain that term. E.g., "+real -estate" says results must have "real" but not "estate".

To perform an exact phrase search, surround your search phrase with quotation marks.  For example, "Project Finance".

Searches are not case sensitive.

back to top