Luxury Bus Service Leap Files for Bankruptcy

The privately owned and operated bus service known as Leap never recovered from its brush with regulators in May 2015.

1 minute read

September 17, 2015, 1:00 PM PDT

"Leap Transit, the venture-backed private bus company that served on-board coconut water, has officially gone bankrupt," reports Cyrus Farivar.

Joe Fitzgerald Rodriguez originally broke the news, months after the company filed Chapter 7 under the United States bankruptcy Code. According to Rodriguez, "The bankruptcy only came to light as the website 'West Auctions: Commercial Auctions and Asset Services,' advertised two buses in Leap transit colors for sale, replete with Leap’s logo."

Rodriguez also notes that backstory of the company's chronology as a scofflaw—the final straw for the company seems to have come when "California regulators issued a cease-and-desist order to the company for running without permits" in May of this year.

The article by Farivar has more links to articles about Leap in the past, including a choice soundbite from San Francisco Supervisor John Avalos, who was not a fan of Leap, to say the least.

FULL STORY: Leap files for bankruptcy, auctions off remaining buses

Tuesday, September 15, 2015 in San Francisco Examiner

Transportation California San Francisco Leap Private Shuttles Chapter 7 View More

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