TITLE

COMPANY NEWS: ALP SEEKS CHAPTER 11

PUB. DATE
February 2008
SOURCE
Fire Chief;Feb2008, Vol. 52 Issue 2, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that American LaFrance (ALF), a company engaged in emergency and vocational vehicle manufacturing, has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company is requesting the court to approve its $50 million in debtor-in-possession financing from its lenders. Furthermore, ALF has incurred almost $150 million in secured debt after experiencing operational difficulties.
ACCESSION #
31154375

 

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