Ambulance Co. Rural/Metro Wins Approval For Ch. 11 Plan

Law360, Wilmington (December 17, 2013, 9:54 PM EST) -- A Delaware bankruptcy judge gave Rural/Metro Corp., owned by a private equity firm, the green light on Tuesday for a restructuring plan that will see the ambulance company exit Chapter 11 with its debt load cut in half.

At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey blessed Rural/Metro's proposed reorganization after overruling the sole objection to the plan.

“Based on upon the record that's been made, and with the resolution of the last remaining objection, I'm prepared to grant the relief that's been...
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