February 2008
Fire Chief;Feb2008, Vol. 52 Issue 2, p10
Trade Publication
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.


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