After winding down its out-of-town operations and ducking into bankruptcy last summer, WayForth’s CEO says the Richmond-based moving company is now moving in the right direction, RichmondBizSense.com reported. The once fast-growing firm that caters to seniors and formerly had a multistate presence is now operating solely in central Virginia about five months after it moved to downsize and filed for chapter 11 protection. CEO Craig Shealy said in a recent interview with BizSense that WayForth has pared back operations to the greater Richmond region to build a new foundation for the company as it looks toward a new year as a leaner operation coming out of its bankruptcy restructuring. “Our business in Richmond continues to operate and is doing well. We’re looking forward to finishing the whole restructuring process and getting back to business,” Shealy said. A federal bankruptcy judge recently approved WayForth’s chapter 11 restructuring plan. Shealy said that payments to the company’s creditors are expected to begin in April or May.
