The assets of American Crushing & Recycling – including trucks and
equipment owned by the company – could be auctioned off to pay debts.
The Associated Press reported that the receiver for the
CT, company, which has been in hot water since one of its
trucks was involved in a fatal crash in
CT, this past summer, presented
his plan in Hartford Superior Court Friday, Dec. 23.
Some creditors are owed nearly $600,000 and would be paid with proceeds
from the auction. Attorney Matthew Beatman said selling some of the assets
could raise as much as $500,000 to pay claims, The
A truck from the company was involved in a deadly crash on July 29 that
left 4 people dead and 19 injured. Subsequent investigations found the company
to be in violation of numerous safety regulations and the owner of the company
was charged with attempted insurance fraud.
The company has also been fined nearly $50,000 by the IRS because the
truck involved in the crash had dyed fuel in its tank. David Wilcox, the
company’s owner, blamed the driver – who was killed in the crash – for filling
the truck with the wrong fuel, The AP reported.
A hearing on the auction request was scheduled for Tuesday, Dec. 27.