We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fire Engine Builder Vows Speedy Exit From Ch. 11

Law360 (January 29, 2008, 12:00 AM EST) -- A prime, privately owned manufacturer of emergency vehicles entered bankruptcy Monday, declaring at least $150 million in secured debts and professing intentions to be fully reorganized within 90 days.

American LaFrance LLC filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the District of Delaware, estimating both assets and liabilities over $100 million and somewhere between 1,000 and 5,000 creditors.

The company, based in Summerville, S.C., builds fire trucks and other emergency services vehicles.

Company officials vowed to file a reorganization plan shortly,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.