When a borrower defaults, a business files, or a court appoints a receiver, the assets do not wait. Equipment depreciates, leases keep running, storage and security costs accumulate, and every week of delay narrows the range of outcomes available to the parties with money at stake.

Grafe Auction helps lenders, trustees, receivers, and restructuring professionals convert commercial and industrial collateral into documented recovery. We work with SBA 7(a) and 504 lenders, commercial banks and credit unions, asset-based lenders and equipment finance companies, Chapter 7 trustees, Chapter 11 and Subchapter V debtors, state and federal court-appointed receivers, assignees for the benefit of creditors, turnaround and restructuring professionals, insolvency and creditors’-rights attorneys, and landlords holding abandoned equipment.

An auction is not just a way to move assets. For a fiduciary or a secured party, it’s a way to establish market value on the record. Competitive bidding produces a price the market set rather than a price a single buyer negotiated, and it produces an auditable trail showing how the assets were marketed, who had access, and what they brought. That combination is why auctions hold up when a disposition is later reviewed by the SBA, a bankruptcy court, or a borrower’s counsel.

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Business Liquidation Services

What is a Lender Recovery or Court-Supervised Auction?

A lender recovery auction is a structured sale of pledged or estate-owned commercial assets, run by a professional auctioneer on behalf of the party with the legal right to dispose of them. The mechanics of the sale are similar across engagement types. What changes is who authorizes it, what standard it has to meet, and who receives the reporting.

A UCC Article 9 secured party sale is conducted by or for a secured creditor enforcing its security interest after default. Article 9 requires that the disposition be commercially reasonable and that the debtor and other secured parties receive notification of disposition.
A bankruptcy sale is conducted under the authority of a Chapter 7 trustee or a Chapter 11 debtor-in-possession, often through a Section 363 sale, with court approval and an application to employ the auctioneer.
A receivership sale is conducted by a state or federal court-appointed receiver under the terms of the appointing order, typically followed by an order confirming the sale.
An assignment for the benefit of creditors is a non-judicial alternative in which an assignee liquidates and distributes proceeds outside of bankruptcy.

Grafe Auction operates as the disposition partner across all of these. We are not the receiver, the trustee, or counsel. We are the firm that catalogs, markets, sells, settles, and documents the assets so those parties can discharge their obligations. For background on how liens affect proceeds, read our guide to UCC filings and auction proceeds.

Recovery Engagements We Handle

Different engagements have different authorizing parties, deliverables, and documentation requirements. The table below maps the scenarios we most often work in.

Scenario	Who Engages Grafe	What Grafe Delivers	Documentation Output
SBA 7(a) or 504 loan default	Lender, CDC, or lender’s liquidation counsel	Collateral inspection, cataloging, online or live auction, coordinated removal	Asset manifest, marketing record, settlement statement suitable for the liquidation file and guaranty purchase package
UCC Article 9 secured party sale	Secured lender, ABL, or equipment finance company	Lien-aware lotting, broad public marketing, competitive sale establishing market price	Evidence of commercially reasonable disposition: marketing proof, bidder participation, hammer results by lot
Chapter 7 trustee liquidation	Chapter 7 trustee or trustee’s counsel	Estate asset inventory, auction execution, buyer payment and pickup management	Inventory for the estate, auctioneer report of sale, proceeds accounting
Chapter 11 / Section 363 sale	Debtor-in-possession, CRO, or investment banker	Marketing to a national buyer pool, auction or sealed-bid process supporting the sale motion	Bid records supporting the sale motion and notice, post-sale reporting
State or federal receivership	Court-appointed receiver	Asset securing, valuation input, live or online auction, site closeout	Receiver-ready reporting for the court and stakeholders, sale results by asset
Assignment for the benefit of creditors	Assignee or assignee’s counsel	Full-facility liquidation on a compressed timeline	Proceeds summary and distribution-ready accounting
Landlord-held or abandoned collateral	Landlord, property manager, or REIT asset team	Removal-driven auction tied to a handoff date	Sale documentation and broom-swept site confirmation

When Lenders, Trustees, and Receivers Turn to Auction

Common triggers include:

SBA 7(a) or 504 payment default and the move into liquidation status
Charge-off decisions and guaranty purchase preparation
UCC Article 9 enforcement following default on an equipment or working-capital facility
Chapter 7 conversions and estate asset liquidation
Chapter 11, Subchapter V, and Section 363 asset sales
State or federal receivership appointments over an operating business
Assignments for the benefit of creditors and out-of-court wind-downs
Forbearance expiration and workout agreements that require asset monetization
Repossessed, surrendered, or voluntarily turned-over equipment
Landlord-held equipment after abandonment or eviction
Borrower-cooperative liquidations where the goal is to reduce a deficiency

Volume in this market is rising. Through the first half of 2026, there were 17,285 overall commercial bankruptcy filings, up 13% year over year, including 4,589 commercial Chapter 11 filings (up 28%) and 1,663 Subchapter V small-business elections (up 50%), according to Epiq AACER data reported by the American Bankruptcy Institute. June 2026 alone saw 812 commercial Chapter 11 filings, a 29% year-over-year increase. On the credit side, the Federal Reserve’s December 2025 Financial Stability Report noted that the share of small-business loans with stressed repayment capacity rose from 12% in 2022 to 19% in 2025.

Something else changed in 2026 that matters for how lenders handle recovery. As of the March 31, 2026 quarterly data refresh, the SBA discloses 7(a) loan status at the individual loan level for the first time, with the status field expanding from five codes to thirteen and exposing delinquency, liquidation, guaranty purchase, and charge-off states publicly. Portfolio performance and workout activity are now visible to regulators, secondary-market buyers, and analysts. A well-documented disposition process is no longer just good practice; it’s increasingly auditable by outside parties.

For borrowers and business owners on the other side of these situations, our guide to financial distress and liquidation options walks through the alternatives before default becomes liquidation.

Assets We Recover and Sell

A single default rarely contains one asset class. A defaulted restaurant group may hold kitchen equipment, front-of-house furniture, and delivery vehicles. A failed distributor may hold racking, forklifts, and inventory. Grafe Auction covers the full range in-house rather than subcontracting categories out:

Commercial kitchen and food-service equipment, refrigeration, and smallwares
Supermarket and grocery equipment, including refrigeration cases and checkout systems
Retail fixtures, shelving, displays, POS, and remaining inventory
Warehouse and distribution assets: pallet racking, conveyors, material handling, forklifts
Industrial and manufacturing machinery, CNC equipment, and shop assets
Office furniture, cubicles, conference furnishings, and IT hardware
Fitness, salon, medical, veterinary, and specialty business equipment
Trucks, trailers, service vehicles, and rolling stock
Commercial real estate and improved property, including live public real estate auctions

For vertical-specific detail, see our hubs on business liquidation services, retail liquidation auctions, supermarket and grocery equipment auctions, and restaurant equipment auctions.

Auction vs. Hold, Private Sale, or Bulk Buyout

Lenders and fiduciaries usually have several disposition paths available, and the right one depends on how much the outcome needs to be defensible, not just how much it recovers. The comparison below is framed around both.

Option	How It Works	Best Fit	Recovery Profile	Defensibility / Audit Trail
Public auction (online or live)	Assets are cataloged, marketed to a national bidder pool, and sold to the highest bidder on a set date	Parties who need market-set pricing, a firm timeline, and a defensible record	Market determines price; competition drives results on in-demand assets	Strongest. Documented marketing, open access, bid history, and hammer results by lot
Negotiated private sale	Assets are sold to an identified buyer at a negotiated price	A single high-value asset with a known, motivated buyer	Can be strong on one asset; no price discovery across the rest	Weak. Hard to show the price was market-based or that access was open
Bulk liquidator buyout	A liquidator makes one offer for everything and resells at its discretion	Parties prioritizing speed and a single transaction	Set by the buyer’s margin requirement, not the market	Limited. One offer is not price discovery
Orderly liquidation program	Assets are sold piecemeal over weeks or months	Assets with thin, specialized buyer pools and no deadline pressure	Can exceed auction on niche equipment given time	Moderate. Requires disciplined record-keeping across many transactions
Hold and remarket	The lender or estate retains assets pending better conditions	Rare — appreciating or seasonally sensitive assets only	Erodes over time through depreciation, storage, insurance, and carrying cost	Weak. Delay itself invites challenge if value declines

For most secured parties and fiduciaries, the practical question is not whether an auction recovers the theoretical maximum. It is whether the process will hold up. Auctions are the only option on this list that produces price discovery and a paper trail at the same time.

How Recovery Value Is Determined: OLV, NOLV, and FLV

Appraisers, field examiners, and credit officers use a specific vocabulary for liquidation value, and the differences between those terms drive real decisions about reserves, borrowing base availability, and whether to auction at all.

Term	Who Uses It	Definition and Relationship to Auction Proceeds
Orderly Liquidation Value (OLV)	Appraisers, ABL credit teams	Estimated gross proceeds if assets are sold over a reasonable period with normal marketing exposure. Usually the benchmark auction results are measured against
Net Orderly Liquidation Value (NOLV)	Asset-based lenders, borrowing base analysts	OLV less the costs of sale — commissions, marketing, removal, storage, and administrative expense. The figure lenders actually advance against
Forced Liquidation Value (FLV)	Workout groups, distressed appraisals	Estimated proceeds under compressed time pressure with limited marketing. Typically the floor, and the outcome a rushed disposition produces
Realized auction result	Lenders, trustees, receivers, courts	The actual hammer total plus buyer’s premium. A well-marketed auction with a deep bidder pool should land at or above OLV rather than near FLV

This is the practical argument for engaging an auctioneer early. The gap between a forced-liquidation outcome and an orderly one is largely a function of marketing reach and lead time. Both shrink the longer a disposition decision is deferred. Grafe Auction can provide market input on expected recovery ranges before a formal engagement so the decision is made against real buyer demand rather than a desk estimate.

Commercially Reasonable Disposition, SBA Compliance, and Auctioneer Bonding

Recovery professionals are not just buying a sale. They are buying a process that will survive review. Three compliance dimensions come up most often.

Article 9 Commercial Reasonableness

Under UCC Article 9, a secured party disposing of collateral after default must do so in a commercially reasonable manner and must provide notification of disposition to the debtor and other secured parties. A public auction with documented marketing, open bidder access, and recorded results is among the clearest ways to evidence commercial reasonableness. Grafe Auction retains the marketing record, bidder participation data, and lot-level results that support that showing, and coordinates lien searches so proceeds are applied in the correct priority.

SBA Servicing and Liquidation Requirements

SBA lenders operate under SOP 50 57 and are responsible for reporting the loan in liquidation status, conducting site visits, pursuing prudent and commercially reasonable liquidation of business personal property collateral, filing quarterly liquidation status reports, and assembling documentation for guaranty purchase. Grafe Auction supports that work with the pieces lenders need for the file: asset manifests, verifiable marketing records, settlement statements, and proceeds summaries that reconcile to the sale. We do not provide legal or SBA compliance advice; we produce the disposition record that the lender’s liquidation file depends on.

Auctioneer Bonding for Bankruptcy Estates

Chapter 7 trustees have a specific obligation that most auctioneers never address publicly. Under the Handbook for Chapter 7 Trustees, a trustee must verify before the sale that the auctioneer is adequately bonded, that the bond runs in favor of the United States and is distinct from any state-law auctioneer bond, that it was issued by a surety approved by the Department of the Treasury, and that it is sized to cover all bankruptcy estates the auctioneer is serving, not just this one. The trustee’s application to employ has to represent as much. Grafe Auction works with trustees to provide the bonding and insurance information required for that application so the employment process is not the thing holding up the sale.

How Grafe Auction’s Recovery Process Works

Every engagement starts with understanding who has authority, what the deadline is, and what the reporting has to prove.

1. Intake, Authority, and Deadline Review

We start by establishing who is authorizing the sale (lender, trustee, receiver, assignee, or landlord) and what governs it: a security agreement, a court order, a settlement agreement, or a lease. We also identify the hard dates: lease expiration, sale hearing, guaranty purchase timing, reporting deadlines.

2. Site Visit and Asset Assessment

Our team reviews the assets on site: what is there, what condition it is in, what is operational, what is missing relative to the collateral schedule, and what has real buyer demand. Where a collateral list exists, we flag discrepancies early rather than at settlement.

3. Lien, Title, and Priority Coordination

We coordinate UCC lien searches and title review so that competing security interests, leased equipment, and third-party property are identified before assets go to sale. This protects clear title transfer to buyers and correct application of proceeds.

4. Recovery Strategy and Sale Structure

Based on the asset mix, deadlines, and standards the disposition has to meet, we recommend a structure: an online timed auction, a live public auction, a sealed-bid process, or a phased combination across locations. Multi-site engagements may run simultaneously or in sequence depending on buyer demand and removal logistics.

5. Cataloging, Photography, and Lotting

Assets are inventoried, photographed, described, and organized into lots. Lotting is a value decision, not clerical work: how a production line, a full kitchen, or a racking system is grouped materially affects what it brings.

6. Targeted Marketing and Auction Execution

The sale is marketed through Grafe Auction’s proprietary online platform and a registered bidder network of more than 300,000, supported by targeted digital advertising, trade publication placement, search and display campaigns, and on-site signage where appropriate. Our marketing regularly draws bidders from all 50 states. Preparation and marketing typically run two to three weeks depending on scope, and the auction itself executes on a single date.

7. Settlement, Reporting, Removal, and Closeout

After the sale closes, we manage buyer payment, produce settlement documentation, coordinate removal windows, and deliver reporting to the engaging party. Settlement generally occurs within 10 business days of the auction, which means that from the decision to auction to funds in hand, the process can complete in as little as 30 to 45 days.

For a step-by-step framework on the liquidation side, see our 8-step business liquidation checklist.

Proceeds, Settlement, and Reporting to Stakeholders

Reporting is often the reason a fiduciary chooses one auctioneer over another. The sale is a few hours; the file lasts years.

How Auction Proceeds Are Applied and Distributed

Gross proceeds are the hammer total plus any buyer’s premium. From there, costs of sale (commission, marketing, labor, removal, and site expenses) are deducted per the engagement agreement to produce net proceeds. Net proceeds are then applied according to lien priority and the governing authority: in an Article 9 sale, to the secured party’s claim in order of perfected priority with any surplus owed to the debtor and any shortfall becoming a deficiency; in a bankruptcy sale, remitted to the estate for distribution by the trustee under the priority scheme; in a receivership, distributed per the appointing court’s order. Grafe Auction does not determine priority. We produce the accounting that lets counsel and the fiduciary apply it correctly.

What Reporting Grafe Auction Provides

Standard reporting includes a pre-sale asset manifest, documentation of the marketing effort and channels used, bidder participation data, lot-level results showing what each asset brought, a settlement statement reconciling gross to net proceeds with itemized costs of sale, and buyer payment and pickup records. For multi-location engagements, we report by unit so each location, lease, or borrowing entity can be reconciled separately. This is the material that goes into an SBA liquidation file, an auctioneer’s report of sale, a receiver’s report to the court, or a lender’s internal recovery memo.

Equipment Removal, Site Closeout, and Landlord Handoff

In recovery work, the sale is frequently not the binding constraint — the building is. A lease expires, a landlord expects the space back, a receiver has a handoff date, or a facility is running holding costs the estate cannot absorb.

Grafe Auction handles removal as part of the engagement rather than as someone else’s problem. Buyers are assigned scheduled pickup windows, site access and supervision are coordinated, and the project works toward broom-swept condition for landlord handoff or property sale. Assets requiring professional disconnection — walk-in refrigeration, hood and fire-suppression systems, hard-wired machinery, anchored racking — are identified in the catalog so buyers understand and arrange their own licensed removal. Where assets do not sell or are not economically removable, we help the engaging party decide between a secondary sale, donation, scrap, or disposal, and document the outcome.

For landlords and lenders working against a hard date, the sequencing matters more than the sale date. The earlier removal logistics are planned, the less likely the project ends with holdover rent or a rejected handoff.

Recovery Results: What Lenders and Receivers Can Expect

Recovery rates in this vertical vary enormously by asset class, condition, geography, and how much time the disposition is given, which is why credible benchmarks are asset-specific rather than general. What can be said reliably is that the spread between a rushed, thinly marketed disposition and a well-marketed competitive sale is usually larger than the spread between any two auction firms.

One engagement illustrates the point. A 150-unit student housing complex near a university in Winona, Minnesota was controlled by a regional commercial bank with a court-appointed receiver. Occupancy sat below 30%, rental payments were inconsistent, and the property was assessed at nearly $3.7 million. Working with Grafe Auction, the bank moved to a live public auction supported by targeted digital advertising, search and display campaigns, placement in digital trade publications, and prominent on-site signage. Grafe Auction Chief Sales Officer Paul McCartan conducted the sale. The winning bid came in at $2.1 million, reaching $2.268 million with the 8% buyer’s premium, more than $500,000 above the best offer the bank had received before Grafe’s involvement.

The mechanism was not luck. It was exposure: a competitive public process reached buyers a negotiated listing had not. Read the full student housing complex auction and our overview of how business auctions benefit SBA lenders for more detail on lender outcomes.

Why Lenders, Trustees, and Receivers Choose Grafe Auction

Grafe Auction has been selling commercial and industrial assets since 1959, more than 65 years of auctions built around the seller’s obligations rather than the buyer’s convenience. For recovery professionals specifically, four things matter.

Fiduciary-aware process. We work routinely with lenders, trustees, receivers, and assignees, and we understand that the deliverable is a defensible record as much as a dollar figure. Documentation, priority coordination, and reporting are part of the engagement, not add-ons.
National buyer demand. A registered bidder network of more than 300,000 and marketing that reaches all 50 states means specialized equipment finds industry-specific buyers rather than whoever happens to be local. Geographic buyer scarcity is what suppresses recovery in most distressed dispositions.
Cross-vertical asset coverage. Grafe Auction has run more than 290 auctions across retail, restaurant, grocery, warehouse and distribution, industrial and manufacturing, government surplus, and commercial real estate. A mixed-asset default does not need to be split across three vendors.
Speed with structure. Two to three weeks of preparation, a single sale date, settlement within 10 business days, a 30- to 45-day path from decision to funds, without giving up marketing exposure to get there.

Grafe Auction is also a credentialed firm, not a broker network. Partner and Chief Marketing & Technology Officer John Schultz holds the Certified Auctioneers Institute (CAI) and Auction Marketing Management (AMM) designations from the National Auction Association, and our team is available to talk a situation through before there is an engagement.

If you are evaluating firms, our guide to choosing the right auction company for a business liquidation lays out the questions worth asking any auctioneer, including ours.

Not sure whether an auction is the right move yet? Tell us what the collateral is, who has authority, and what deadline you are working against. We will tell you what we think the assets will do and whether an auction is the right tool, including when it is not.

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For Buyers: Browse Current Bankruptcy and Liquidation Auctions

Looking to buy rather than sell? Grafe Auction is the marketplace, not the buyer. Dealers, resellers, operators expanding capacity, and contractors regularly source equipment, machinery, vehicles, and fixtures through our bankruptcy, receivership, and lender-driven sales. Browse current auctions and register to bid.

Frequently Asked Questions About Lender Recovery, Bankruptcy & Receivership Auctions

What Is a UCC Article 9 Auction, and When Is One Used?

A UCC Article 9 auction is a public sale of collateral by or on behalf of a secured party enforcing its security interest after a borrower defaults. Article 9 requires the disposition to be commercially reasonable and requires notification of disposition to the debtor and other secured parties. Lenders use auctions in these situations because a documented, openly marketed competitive sale is one of the clearest ways to show the price was market-set rather than negotiated. Grafe Auction runs these sales and retains the marketing, bidder, and lot-level results that support that showing. For background on lien priority and proceeds, read our guide to UCC filings and auction proceeds.

Does Grafe Auction Work With Chapter 7 Trustees and Chapter 11 Debtors?

Yes. We work with Chapter 7 trustees liquidating estate assets, Chapter 11 and Subchapter V debtors-in-possession, Section 363 sale processes, and assignees for the benefit of creditors, along with their counsel and financial advisors. Our role is disposition: inventory, cataloging, marketing, sale execution, buyer payment, removal, and reporting. We provide the inventory and report-of-sale documentation the estate needs and work within the timelines the court sets.

Is Grafe Auction Bonded for Bankruptcy Estate Work?

Chapter 7 trustees are required to verify, before an auctioneer takes possession of estate property, that the auctioneer carries a bond in favor of the United States issued by a Treasury-approved surety and sized to cover all bankruptcy estates the auctioneer serves, and the trustee’s application to employ must represent as much. Grafe Auction works directly with trustees to supply the bonding and insurance documentation needed for that application. Contact our team for the current bond and insurance details for your specific engagement.

Should a Lender Hold Collateral or Auction It?

Holding is rarely the stronger option for commercial equipment. Collateral depreciates from the day it stops being used, and holding adds storage, insurance, security, and administrative costs while the buyer pool for aging equipment narrows. Holding can make sense for a genuinely appreciating or seasonally sensitive asset, or where a pending sale of the operating business would capture more value as a going concern. In most other cases, the practical comparison is not auction versus hold but auction versus a slower, less defensible disposition. See the comparison table above for the full trade-offs.

How Are Auction Proceeds Distributed to Creditors?

Gross proceeds (the hammer total plus buyer’s premium) are reduced by the agreed costs of sale to produce net proceeds. Net proceeds are then applied by lien priority and governing authority. In an Article 9 sale, they go to the secured party’s claim in order of perfected priority, with any surplus owed to the debtor and any shortfall becoming a deficiency. In a bankruptcy sale, proceeds are remitted to the estate and distributed by the trustee under the statutory priority scheme. In a receivership, distribution follows the appointing court’s order. Grafe Auction provides the settlement accounting; priority determinations rest with counsel and the fiduciary.

How Do You Report and Reconcile Proceeds for Lenders?

Each engagement produces a pre-sale asset manifest, a record of marketing channels and spend, bidder participation data, lot-level results, and a settlement statement reconciling gross proceeds to net with itemized costs of sale. Multi-location engagements are reported by unit so each site, lease, or borrowing entity reconciles separately. The output is built to drop into an SBA liquidation file, a report of sale, a receiver’s report, or an internal recovery memo without reconstruction.

How Do Lenders Verify Fair Market Value for Used Commercial Equipment?

Lenders typically start with an appraisal expressed in orderly liquidation value (OLV), net orderly liquidation value (NOLV), or forced liquidation value (FLV), and NOLV is usually what they advance against. Those are estimates. A competitive public auction produces something an appraisal cannot: an actual realized price with a documented bidder pool behind it. That is why lenders often use auction results as the definitive market benchmark and, in advance of a disposition, ask an auctioneer for an expected recovery range based on current buyer demand rather than relying only on a desk estimate. Grafe Auction provides that input before a formal engagement.

What Recovery Rate Should a Lender or Trustee Expect in a Chapter 7 or Chapter 11 Case?

There is no reliable single number. Recovery depends on asset class, condition, geography, lien position, how much of the collateral is actually present, and how much time the disposition is given. Meaningful benchmarks are asset-specific. What is consistent is that marketing reach and lead time drive the spread far more than the choice of auction firm does. A rushed, thinly marketed disposition tends to land near forced-liquidation value; a well-marketed competitive sale should land at or above orderly liquidation value. Grafe Auction can provide an expected range for your specific asset mix.

Who Handles Equipment Removal in a Bankruptcy or Receivership?

Buyers are responsible for removing what they purchase, and Grafe Auction coordinates that process: scheduled pickup windows, site access and supervision, and progress toward broom-swept condition for landlord handoff or property sale. Assets requiring licensed disconnection (walk-in refrigeration, hood and fire-suppression systems, hard-wired machinery, anchored racking) are flagged in the catalog so buyers arrange qualified removal. For unsold or non-economically removable assets, we help the engaging party choose between secondary sale, donation, scrap, or disposal, and document the outcome for the file.

What Is the Difference Between Liquidation and Receivership?

Liquidation describes the act of converting assets to cash. Receivership describes a legal status: a court has appointed a receiver to take control of a business or property, usually at a secured creditor’s request. A receivership may end in liquidation, but a receiver may also operate, stabilize, or sell the business as a going concern. Liquidation can likewise occur outside receivership entirely. In a Chapter 7 case, an assignment for the benefit of creditors, an Article 9 secured party sale, or a voluntary wind-down. Grafe Auction works across all of these paths.

How Long Does a Lender Recovery Auction Take?

Most engagements run two to three weeks of preparation and marketing depending on scope and lot volume, with the auction executing on a single date and settlement generally occurring within 10 business days. That puts the full path from decision to funds at roughly 30 to 45 days. Court-supervised sales may add time for approval or confirmation, and multi-location projects are often phased. More lead time consistently produces better marketing exposure, so the earliest useful conversation is before the disposition decision is final, not after. Contact us for a timeline on your situation.

What Must Be Disclosed When Assets Are Sold Under Court Supervision?

Disclosure requirements depend on the proceeding and the governing order, and counsel should confirm them for any specific case. Practically, court-supervised sales generally require notice to interested parties, disclosure of the auctioneer’s employment and compensation, an inventory of what is being sold, and a post-sale accounting of what each asset brought and how proceeds were handled. Article 9 sales carry their own separate notification-of-disposition requirement to the debtor and other secured parties. Grafe Auction produces the inventory, marketing record, and lot-level accounting that these disclosures draw on.

How Does a Lender, Trustee, or Receiver Get Started With Grafe Auction?

Tell us what the assets are, where they are, who holds authority to sell, and what deadline you are working toward: a lease expiration, a sale hearing, a guaranty purchase window, or a reporting date. We will assess the asset mix, give you a view on expected recovery and structure, and tell you whether an auction is the right tool. Schedule a free consultation with our team.

Tag: Lenders

Lender Recovery, Bankruptcy & Receivership Auctions for Commercial Assets