Bank of America seeks to repossess shredder

Aug 01, 2012 | 10:49 AM | Lisa Gordon

Tags  auto shredder, scrapyard, scrap, Summit, Alpha Scrap, Lake County Trust, Bank of America, Lisa Gordon

PITTSBURGH — A judge will hold a hearing Friday to determine whether Bank of America NA can take possession of an auto shredder from a troubled Indiana metals recycler.

Last fall, Bank of America filed a lawsuit against Gary, Ind.-based Summit Inc.—also operating as Alpha Scrap Inc. and Lake County Trust Co.—in an attempt to recoup more than $5.5 million in defaulted loans (, Sept. 16).....

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