Legally compliant, prompt and cost-effective realization in the event of insolvency — insolvency auction
The focus of our activities is on short-term utilization via all suitable sales channels.
For many years, we have been selling all kinds of objects, real estate, companies and rights from insolvencies in compliance with the law.
Our involvement as a publicly appointed, sworn auctioneer in insolvency auctions as an online live auction (online auction) supports the insolvency administration in the short-term and best possible realization. We prepare expert opinions on request.
The legislator has privileged the realization of seizures by the publicly appointed, sworn auctioneer.
The purchase is always made in good faith. Warranty and other liability claims by third parties can be excluded. The consent of the creditors’ committee or the creditors’ meeting is not required for realization. Control is ensured by the public auction because the generally publicly appointed auctioneer is sworn to perform his task conscientiously and impartially. We also purchase suitable insolvency goods, company shares and companies directly from the insolvency administration.
Insolvency services
> Competent
We are available to insolvency administrators as a competent service provider for all liquidation issues. There are many reasons for delegating the task of liquidation to a sworn auctioneer, who is generally publicly appointed for his independence in the proceedings. Take advantage of our sales know-how and the synergies we have bundled. We can provide cross-sector support for all liquidation tasks arising in insolvency proceedings.
> Effective
Our lean structures enable cost-effective and efficient recycling.
> Flexible
Sometimes things have to happen quickly. You can rely on us when it comes to adapting flexibly to the respective requirements.
Separate realizations
We specialize in the prompt recycling of segregated materials. We have thousands of contacts, including international contacts, with potential buyers.
We offer insolvency administrators:
- Valuation of the items taken in pledge
- Collection and storage if required
- Short-term utilization
- Settlement according to InsO.
Inventory
We carry out precise inventories on site in a timely manner. As the actual value of items is almost always determined by their overall value, we prepare the inventory in combination with the valuation/estimate.
Our services:
- Capture
- Photo documentation
- Preliminary inspection of separations and segregations
- Examination of redemption and repurchase values for financing and leasing contracts
- Printouts of the inventory list, e.g. for insolvency administrators and the court.
Rating
Knowing what it’s worth — our expertise for your safety
If you need a reliable statement about the current market value of your fixed assets: Our specialists have in-depth knowledge of the market for used assets and value machinery, equipment, real estate and land across all sectors.
We prepare reliable valuations for parts of businesses, complete businesses or individual properties from both a liquidation and a going concern perspective. We value all types of movables, real estate and rights. Valuations by publicly appointed, sworn auctioneers create legal certainty. According to OLG Cologne/2005, the reliability of such valuations is assumed. The valuations are based on the provisions of the Insolvency Code.
Our services:
-
Valuation from a liquidation and going concern perspective
Valuation of intangible assets
If required, valuation of the fair value, asset value, replacement value or capitalized earnings value
Printouts of the estimate, e.g. for the insolvency administrator and court
Delivery of the file in Excel format.
Asset deals — free sales
At the beginning of the proceedings, it is usually necessary to carry out initial sales of assets at short notice. As a professional liquidator, we can use our market knowledge to help insolvency administrators find buyers as quickly as possible — even for difficult-to-sell assets.
For items that are easy to sell — i.e. those for which there are a large number of potential buyers — we identify buyers who are prepared to pay top prices.
The insolvency administrator is often contacted by professional buyers of insolvency goods. When they offer a lump sum price for the insolvency estate, this takes into account their trading margin and also includes their knowledge of what price can actually be achieved on the market. This means that the insolvency goods buyer will pay a price that is significantly below the market value that can actually be achieved. The professional insolvency goods buyer is reluctant to expose himself to bidding competition because it is in his interest to optimize his trading margin by purchasing at a favourable price.
We also know the prices that can be achieved on the market. However, a sale by us is based on different assumptions. Our incentive is a performance-related commission — and not a trading margin. Our aim is to achieve the best possible proceeds from the sale of the insolvency estate in the interests of the insolvency administration and creditors.
As professional recyclers, we have precise knowledge of the right sales channels and markets for pledged goods and insolvency assets, as well as in-depth knowledge of customs and other export regulations.
Insolvency auctions
The public insolvency auction is the most profitable and at the same time the most legally secure way to sell insolvency assets. This applies in particular to all properties for which there is high demand. Why sell to the first bidder when you can find the person who is willing to pay the highest price? The insolvency auction makes it possible to sell a company’s entire movable inventory at short notice and to the highest bidder.
Our experienced team has the know-how to analyze market and trading structures. This enables us to generate potential buyers for all goods and rights at short notice. Thanks to our many years of experience, we have contacts with thousands of buyers, both nationally and internationally, for all types of pawns. This is why we regularly achieve good sales proceeds.
Insolvency assets are also pledges. The legislator “privileges” the sale of pledged assets by public auction. The sale of insolvency assets as a lien by the generally publicly appointed, sworn auctioneer is not dependent on the consent of the creditors’ committee or the creditors’ meeting. Control over the sale is ensured by the public auction. The aspects alone — exclusion of any warranty, even to non-commercial buyers, or the fact that the purchase is always made in good faith — regularly ensure a considerably better return.
Real estate realization in insolvency proceedings
If the forced sale of real estate is carried out by the insolvency administrator in accordance with section 165 InsO , the order for forced sale by the enforcement court does not justify the renewed seizure. The reason for this is that the seizure of the property was already effected by the opening of the insolvency proceedings. This means that the insolvency administrator can sell the property by private treaty at any time, even in forced sale proceedings.
According to Section 160 InsO, the insolvency administrator must obtain the consent of the creditors’ committee or the creditors’ meeting when selling a property by private treaty.
The private sale of the property in insolvency proceedings can also be carried out by a generally publicly appointed, sworn auctioneer. This does not require the consent of the creditors’ committee or the creditors’ meeting. Control is ensured by the public auction because the generally publicly appointed auctioneer is sworn to perform his task conscientiously and impartially.
