Recycler fights bank’s move to seize shredder

Aug 21, 2012 | 11:48 AM | Lisa Gordon

Tags  auto shredder, Summit Inc., Alpha Scrap Inc., Lisa Gordon

PITTSBURGH — The owner of a Gary, Ind., metal recycling business is fighting a bank’s attempt to take possession of its auto shredder, claiming language in court documents was not specific enough.

It has been nearly a year since Bank of America NA filed suit against Summit Inc., which also operates as Alpha Scrap Inc., to try to recoup more than $5.5 million in defaulted loans (amm.com, Sept.....





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