Rural Metro Files Chapter 11

The nation’s second largest for-profit provider of emergency services has filed for bankruptcy protection. Rural Metro of Scottsdale, Arizona is seeking protection under Chapter 11 – which is the chapter that allows companies who cannot pay their bills to reorganize and stay in business.

Rural Metro, which operates in 21 states with over 8,000 employees, appears to have a plan for moving forward that includes an infusion of $135 million from bondholders. Company executives believe that restructuring can be completed by the end of 2013.

More on the story.

About Curt Varone

Curt Varone has over 40 years of fire service experience and 30 as a practicing attorney licensed in both Rhode Island and Maine. His background includes 29 years as a career firefighter in Providence (retiring as a Deputy Assistant Chief), as well as volunteer and paid on call experience. He is the author of two books: Legal Considerations for Fire and Emergency Services, (2006, 2nd ed. 2011, 3rd ed. 2014) and Fire Officer's Legal Handbook (2007), and is a contributing editor for Firehouse Magazine writing the Fire Law column.
x

Check Also

Protester Claims San Francisco Firefighters Injected Her With Sedative

A woman who claims she was injected with a sedative following her ...

Fire Law VLOG Special Edition – EMS Billing

In this special edition of Fire Law VLOG, Brad and Curt discuss with Attorney Kevin Fairlie the challenges of fire departments and EMS agencies when it comes to EMS billing. Many fire and EMS organizations are being audited and investigated for Medicare fraud. There are solutions as Brad and Kevin suggest.