CHARLESTON – A bank is seeking judgment from a court that it is entitled to possession of a truck placed as collateral because company defaulted under the terms of a contract.
Ally Bank filed a complaint in Kanawha Circuit Court against Acu-Trim Expert Tree LLC and Joyce Stanaker seeking possession of personal property.
The suit states that the defendants are indebted to the plaintiff under the terms of a written contract. The suit states to secure the debt, the defendants granted a security interest in a 2015 Ford F350 truck.
The defendants allegedly defaulted on a balance owed in August 2018 and the plaintiff alleges it is entitled to a judgment for possession of the collateral property. It is estimated the truck is worth $24,525.
The plaintiff is seeking a judgment granting it possession of the property and court costs. The plaintiff is represented by Thomas L. Canary Jr. and Dennis M. Ostrowski of Louisville, Kentucky.
The case has been assigned to Judge Tod Kaufman.
Kanawha Circuit Court case number 19-C-477