Perhaps one of the most sophisticated vaults in the United States, RoboVault requires fingerprint scanning and keypad entry to gain access to a specific individuals vault. The vaults are protected by motion and heat detectors, photoelectric beams, networked CCTV systems, and 24/7 facility monitoring. 118 of the 408 vault units have been sold.
Despite all of the flashy features that come with the complex, RoboVault has found itself filing for Chapter 11 protection. Chapter 11 protection stops lawsuits and seizures, allowing the company to have time to decide whether it can survive or not.
To learn more about chapter 11 bankruptcies, and the Chapter 11 bankruptcy process, contact Phoenix bankruptcy lawyer Kelly Black. Call (480) 422-3440 to schedule a free consultation with a JacksonWhite bankruptcy attorney.