Chapter 7 Filing for Maker of Firefighter Trucks
A firefighting equipment maker who brought in almost $1.6 million in income just two years ago is now filing Chapter 7 bankruptcy.
Placer Fire specialized in building “wildland firefighting and light rescue vehicles” such as crew carrier trucks according to Firefighting News. At their height, the California company had contracts with fire departments in Sacramento, North Lake Tahoe and the U.S. Forest Service office in Golden, Colorado.
The company was housed in the former Mather Air Force Base in Central California. According to Firefighter News, the company recently their production to include “water tenders.”
But the expansion didn’t bring in revenue, and in 2009 the company lost more than $1 million. They also lost a major contract when Cal Fire chose to use trucks made by a Michigan-based company.
Things weren’t going much better three months into this year, and the owner decided to file chapter 7.
The company listed debt around $3.8 million. Those debts include back wages to employees, owed sales tax, and several truck dealers.