Bankrupt recycler’s assets set for auction

Jul 03, 2014 | 04:48 PM | Sean Davidson

Tags  scrap, Independent Metals, Pahl Industrial, auction, Michael O'Farrell, Marty O'Farrell, Sean Davidson

NEW YORK — Used machinery and equipment at a now-defunct scrap facility in Seattle will be auctioned off July 24, five months after the recycler filed for bankruptcy.

Portland, Ore.-based liquidator Pahl Industrial Inc. informed industry participants of the auction this past week. Details of the equipment that is now on sale are available on the liquidator’s website.

Seattle scrap recycler Independent Metals Co. Inc. shut operations and filed for Chapter 7 bankruptcy liquidation in U.S. Bankruptcy Court in Washington state in February (, Feb. 24).....

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