Ten Things Asset-Based Lenders Should Know About Machinery & Equipment Auction Sales

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Asset-based lenders, equity investors, turnaround managers, bankruptcy trustees and other professionals look to liquidation companies like LiquiTec for maximum recovery in asset disposition. The key factors to a successful disposition are: using the right sale strategy; maximize the net recovery; prepare to pay for marketing; understand the value of the asset pool; allow appropriate time; use a major auctioneer; invest in asset management; understand the logistics involved; understand the holding costs and act quickly.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Kim Engebretson | Attorney Advertising

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