Bank can seek repossession of shredder: judge
Sep 06, 2012 | 12:45 PM
| Lisa Gordon
Tags
scrap metal,
auto shredder,
Summit,
repossession,
Indiana recycler,
Alpha Scrap,
Peter Coulopoulos,
Bank of America
Lisa Gordon
PITTSBURGH — Indiana metals recycler Summit Inc., which has been fighting a bank’s move to seize its shredder, is now facing repossession of the equipment after a judge ruled that the company’s financier properly filed its legal request.
Charlotte, N.C.-based Bank of America NA had asked the U.S. District Court in Indiana for permission to take possession of the Wendt model 82-104 heavy shredding system for dismantling and resale.....
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