KNOXVILLE, Tennessee (WVLT) — The largest emergency service provider in east Tennessee has filed chapter 11 bankruptcy. Rural/Metro Corp provides ambulance, fire, and other emergency services for Knox and surround counties. The company says services will still be provided and not be compromised while in bankruptcy. According to court filings, the company says it failed to make an interest payment in July
Rural/Metro Corp is a privately owned company out of Scottsdale, Arizona. They employ more than eight hundred locally. They operate by collecting annual membership fees from customers in order to provide fire service. If you need fire service and are not a member, you will be billed if they have to come out, and that could cost you thousands of dollars.
Knox county mayor Tim Burchett says, “Their contract with Knox county contains provisions in the event that they are unable to fulfill their obligations. If their obligations are not met, Knox county will take appropriate action. In the meantime, my staff and i will continue to monitor rural/metro's financial situation."
The company says it filed chapter 11 to restructure their debt and plan to emerge from bankruptcy by the end of the year.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.