Repo World, If they Don't Pay, We'll Take It Away!
Repossession Experts
Repo World Home Page
Repo World - Repossession Services
Repo World - Repossession Tools
Repo World - Repossession Services Coverage Area
Repo World - Order a Repossession
Repo World - Contact Repo World
Repo World - Repossession News
Fast Repossession Service

Repossession News
"Taking It Back"

U.S. Marshals to help repossess equipment

A Houston mining-equipment company that won a repossession judgment against the Bull Mountain coal mine in December 2003, but then did not reclaim the equipment, has asked the U.S. Marshal's Office to again help recover it.

The equipment is a conveyor belt system that brings coal to the surface.

A writ of assistance from the U.S. District Court in Billings instructs the marshal to help recover three conveyor systems that were ordered repossessed.

FMC Technologies Inc. won a default judgment against the mine for $1.57 million in the fall of 2003. At that time, a spokesman for the mine said the company was trying to negotiate with FMC. A writ of assistance issued then was withdrawn.

The mine's attorney Joe Gerbase said Tuesday said the mine had hired a Billings law firm to represent it in the controversy, saying BMP Investments owed "way, way less than the $1.57 million judgment."

Billings attorney Alan Bryan, who represents FMC, did not return a call seeking comment.

U.S. Marshal Dwight MacKay said his office would have a conference call with attorneys to work out a schedule for the repossession.

Gerbase said he was not party to the conference call. He suggested that BMPI might seek court action. "We were getting it paid off," he said.

The coal mine, owned by BMPI, is part of a three-pronged plan to produce coal, build a railroad to haul it and build two coal fired power plants adjacent to the mine. The mine began operating in September 2003. It has had continuing problems maintaining working capital.

Back to News Articles