Worldwide Moving files for bankruptcy after February asset sale

LONGMONT — Worldwide Moving Systems LLC, a moving and storage company that was based at 501 S. Francis St. in Longmont, has filed for Chapter 7 bankruptcy protection.

In Chapter 7 bankruptcy, also known as liquidation bankruptcy, the bankruptcy court oversees the sale of assets in order to pay creditors.

In this case, Worldwide’s filing said it had assets of $1,180,500 and liabilities of $2,726,185. 

Worldwide, which had trade names of TLC Moving & Storage and Storage Done Right, is owned by Gary Buchholtz, who is listed as managing member of the limited liability company. Buchholtz is known in Northern Colorado for his…