Guard contractor ordered into receivership
September 2, 2004
BELLMAWR, N.J. - SecPro Services has been ordered into receivership by the Superior Court of New Jersey, and its assets will be put up for sale. The court issued the order in mid-July.
SecPro Services, and its subsidiary TempGuards, contracts with guard companies to provide special events and retail chain guard services.
According to Allen Etish, the court receiver for SecPro Services, the company owes $1 million to creditors. He said the list of creditors includes hundreds of guard companies throughout the United States who were hired by SecPro Services to provide security guards.
Etish said the company was brought into receivership after Total Protection Security and Colonial Security Services filed lawsuits against the company, claiming they were owed money.
Etish said SecPro ServicesÃ¢â‚¬â„¢ assets will be sold to raise money to pay creditors. He said he will also work to collect money owed to SecPro Services.
At the time it entered into receivership, SecPro Services employed approximately 12. The company was owned by Chuck Fisher.
For more on this story, see the October issue of Security Systems News.