New Cases

Ambulance company Rural/Metro Corp. filed for Chapter 11 bankruptcy protection on Sunday after striking a deal with lenders to trim its debt load. Read the Daily Bankruptcy Review article via The Wall Street Journal.

The federal judge handling the nation’s largest municipal-bankruptcy case ruled Wednesday that the city of Detroit is entitled to protection from state lawsuits challenging its bankruptcy filing. Read the Daily Bankruptcy Review article via The Wall Steet Journal.

Mexican phone company Maxcom Telecomunicaciones S.A.B. filed for Chapter 11 bankruptcy protection in the U.S. late Tuesday after reaching a deal with its creditors that would hand control of the company to a group of investors led by private equity firm Ventura Capital Privado S.A. Read the Daily Bankruptcy Review article here.

Poised to break pension promises to more than 23,500 retired city workers, cops and firefighters, Detroit’s bankruptcy attorneys said that those retirees deserve an official committee to speak for them as the 686,000-resident city struggles to unload labor costs in order to survive. Read the Daily Bankruptcy Review article here.

The city of Detroit filed for Chapter 9 protection in the biggest municipal bankruptcy case in U.S. history, The Wall Street Journal reports.

Waste processor Synagro Technologies Inc. Thursday won court approval to poll creditors on its plan to bail out of financial trouble through a sale to Sweden’s EQT Partners. Read the Daily Bankruptcy Review article here.