Trustee Files Notice of Assets in Ohio Party Bus Operator Bankruptcy
The filing indicates potential creditor recovery in the Chapter 7 liquidation of Hebron-based Lake Area Transport Services.
A Chapter 7 bankruptcy trustee has determined that funds may be available to distribute to creditors in the liquidation of Lake Area Transport Services, LLC, a Hebron-based charter and passenger transportation business operating as Ohio Party Bus. Court trustee James A. Coutinho filed a Notice of Assets on Sept. 25, 2026, in the U.S. Bankruptcy Court for the Southern District of Ohio.
The filing marks a formal transition in the case, docketed as Case No. 2:26-bk-54418. Most Chapter 7 liquidations initially proceed as "no-asset" cases, an administrative status in which creditors are instructed not to file claims because debtor filings indicate no non-exempt property is available for liquidation. When a trustee identifies recoverable funds, unencumbered property, or legal claims that may yield money, the trustee files a notice of assets to transition the proceeding into an active liquidation.
Lake Area Transport Services, LLC operated out of 186 Lakeshore Dr W in Hebron, offering group charters, limousines, and bus rentals throughout central Ohio under the trade name Ohio Party Bus. Federal motor carrier registration records list the business as an authorized motor carrier of passengers holding USDOT No. 3734937 and MC No. 1319908, with registered fleet equipment including commercial buses and a limousine.
The initial docket entry does not specify the monetary value of recovered assets, the specific property involved, or the company's total outstanding liabilities. Bankruptcy court records note that the docket entry records the filing but does not establish closure or payment to creditors.
Following the trustee's filing, the bankruptcy court clerk is scheduled to issue a formal notice setting a proof of claim deadline. Creditors seeking repayment must submit verified proof of their claims before that court-ordered bar date to be eligible for any eventual distribution from the liquidated bankruptcy estate.
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The sources and records behind this story, with the facts they support.
Lake Area Transport Services, LLC · Chapter 7 · Notice of Assets
Supporting evidence (2)
Coutinho filed a Notice of Assets on Sept. 25, 2026, in the U.S.
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{Case=2:26-bk-54418, Chapter=7, Court=ohsb, Debtor role=business, Event=Notice of Assets, Event role=other, Office=2, Trustee=Coutinho, James A., Type=Bankruptcy, Watched name=false}
Bankruptcy court records note that the docket entry records the filing but does not establish closure or payment to creditors.
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A docket entry records a filing or order; it does not establish closure or payment to creditors.
https://waiver.smartwaiver.com/w/rqck6tfonkjnob1qvnefq4/web/?auto_tag=fh_id_277692320
Supporting evidence (1)
Lake Area Transport Services, LLC operated out of 186 Lakeshore Dr W in Hebron, offering group charters, limousines, and bus rentals throughout central Ohio under the trade name Ohio Party Bus.
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This agreement is made by and between Lake Area Transport Services LLC dba Ohio Party Bus (hereinafter referred to as “Ohio Party Bus”) whose principal place of business is located at 186 Lakeshore Dr W, Hebron, OH 43025 and the Client.
https://brokersnapshot.com/Company/lake-area-transport-services-llc
Supporting evidence (2)
Federal motor carrier registration records list the business as an authorized motor carrier of passengers holding USDOT No. 3734937 and MC No. 1319908, with registered fleet equipment including commercial buses and a limousine.
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Authority TypeMotor Carrier of Passengers
Federal motor carrier registration records list the business as an authorized motor carrier of passengers holding USDOT No. 3734937 and MC No. 1319908, with registered fleet equipment including commercial buses and a limousine.
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Total Number of Buses6Total Number of Power Units6