Rural/Metro Files Chapter 11 bankruptcy
The Arizona-based company that provides fire and ambulance services to Knox County is declaring bankruptcy, according to a press statement released by Rural/Metro's corporate office.
"The financial restructuring process will help ensure that Rural/Metro can continue to invest in its business, meet the needs of customers, patients and communities and further improve service," company officials said.
“All operations in East Tennessee will continue as usual,” said Rural/Metro of East Tennessee Division General Manager Rob Webb. “Rural/Metro will continue to meet all of our contractual obligations, including maintaining excellent medical and fire protection services to the citizens we serve here.
“I have spoken with Rural/Metro’s leadership and they’ve assured me that their operations in Knox County will continue as normal," Knox County Mayor Tim Burchett said in response to the news. "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.”