Bank Ponders Next Step After N.J. Trucker Defaults

Higginbotham, Stacey
September 2000
Bond Buyer;09/06/2000, Vol. 333 Issue 30969, p5
Trade Publication
Reports on Summit Bank's acceleration of the outstanding debt of Active Trucking Services Inc. (ATS). Default of ATS on taxable and tax-exempt bonds; Summit's plans to sell the lands owned by ATS; Purpose of the New Jersey (N.J.) Economic Development Authority in issuing the bonds to ATS; Summit's plans of placing ATS on receivership.


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