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Bankrupt Richmond-based mover WayForth eyes exit from Chapter 11

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RICHMOND, Va. -- 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.

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 bankruptcy 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.