Rural/Metro files Chapter 11

Jerome Stocks Jerome Stocks 4 Comments

(Reuters) – Ambulance operator Rural/Metro Corp… filed for Chapter 11 bankruptcy with the aim of cutting its debts after it missed an interest payment in July, according to court filings. The Scottsdale, Arizona-based company also intends to renegotiate unprofitable contracts and free up capital for investments through the bankruptcy process, according to the filings. So, this is the same company who …