According to the bankruptcy filing, Fluid Truck has estimated that the number of creditors awaiting payment is at around 5,500. The company owes FVIP members $12 million, and owes vendors $26 million. Additionally, Fluid Truck suffered cash losses of $20.6 million in 2023. The company's financial struggles began under the leadership of its co-founders and former CEO and chief legal counsel, James Eberhard and Jenifer Snyder. Despite raising over $80 million in venture funds and expanding to 400 cities in 32 states across the U.S., Fluid Truck found itself in a deep financial hole due to a combination of macroeconomic factors and mismanaged insurance claims.