Richard “Rich” Francis, CEO of the collapsed R&R Family of Cos., has filed for Chapter 11 bankruptcy protection in Florida, adding another layer to the continuing legal and financial fallout surrounding the logistics company.
Francis filed a voluntary Chapter 11 petition Sept. 22 in U.S. Bankruptcy Court for the Middle District of Florida. In the initial filing, Francis estimated both his assets and liabilities at between $10 million and $50 million and indicated he has between one and 49 creditors.
Francis also stated that his debts are primarily business debts rather than consumer debts…