Bank seeks dismissal of recycler Ch. 11

Aug 27, 2014 | 12:39 PM | Lisa Gordon

Tags  metal recycler, Hierz Scrap Service, JPMorgan Chase Bank, bankruptcy, Lisa Gordon

PITTSBURGH — JPMorgan Chase Bank NA is seeking the dismissal of an Illinois metal recycler’s Chapter 11 bankruptcy protection filing, alleging that it spent funds without permission and is attempting to avoid its responsibilities to creditors.

Verona-based Hierz Scrap Service Inc. filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Illinois in August shortly after a previous bankruptcy filing was dismissed, according to court documents.....

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