Judge OKs auction of trucking company assets

| 12/28/2005

A Connecticut judge has given the go ahead on plans to auction off assets belonging to American Crushing and Recycling, though there’s still some debate as to exactly what those assets are.

The judge approved the auction Tuesday, Dec. 27, in order to help raise funds to pay off creditors and the victims of a deadly crash involving one of the firm’s trucks July 29 at the base of Avon Mountain where Route 44 intersects with Route 10.

But, The Associated Press reported that David Wilcox, owner of the company, claims many of the items listed by a court-appointed receiver belong to him, not the company.

Attorney Matthew Beatmen, the court-appointed receiver, said he believes an auction could raise between $1.2 million and $1.4 million. He said as much as $500,000 of that would be available for victims of the crash, according to The AP.

Another hearing will be held the week of Jan. 1, 2006, to determine what items can and can’t be sold at the auction.