NEMF Files Bankruptcy

Lisa Hultz

Lisa Hultz

Lisa is the President of Sales & Marketing for Mazon Associates, one of the oldest factoring companies in Dallas, Texas.

New England Motor Freight filed for bankruptcy and intends to discontinue its trucking operations. Various economic factors led to the decision including operating cost increases and a shortage of drivers.

NEMF is a less-than-truckload freight service that operates in metro area of New York City and New Jersey. Established in 1977, NEMF is affiliated with the Shevell Group of Cos.

The Wall Street Journal reported NEMF has assets of 100 to 500MM and liabilities of 50 to 100MM, of which the majority is owed several large banks.

Filing for bankruptcy will allow them to maximize value for employees and creditors.

Mazon Associates, Inc. has been providing factoring services for more than 40 years. We’ve helped thousands of clients grow their businesses and achieve their financial goals. We consistently provide a first-class experience in accounts receivable financing. You can depend on Mazon for your cash flow needs.

Call us today at (972) 554-6967!

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