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.