With all the information the internet offers, it’s often difficult to find the particular item that your heart desires, especially if you’re looking for a steep discount. We wanted to introduce our friends, fans, buyers, as well as our trustees and their staff to www.bankruptcysales.com. Bankruptcysales.com is a bit like a Craigslist, but the listings [...]
Myth: A debtor exemption makes purchasing a bankruptcy asset more complicated or impossible. Every person that files for bankruptcy or has a judgment awarded against them in a lawsuit is entitled to certain property exemptions, or the value of the property the debtor may retain. Exemptions are determined by the state law where the person [...]
Deeds can be daunting! With several different types of deeds transferring property can be confusing. So to clear up some of the confusion here is a great video that explains some of the types of deeds you may run into while participating in our auctions.
Read our listings carefully, all of the sales on BKAssets.com are sold “as is, where is”. What the heck does that mean!? “As is” is a legal phrase, used when something is to be sold “in its/their actual current condition”. In other words, the seller does not claim that the item is in perfect or [...]
If you’ve ever wondered what happens to a bill that goes to collections, they usually end up in a judgment. A judgment is the official decision of a court at the completion of a lawsuit. If a creditor, lender, debt collector, attorney, or some other party files a lawsuit and wins, a judgment is made, [...]
Anything and everything your heart could possibly desire can be found for sale online and often on online auction sites like eBay, OnlineAuction.com, and others. Most of the sellers on these sites are individuals who may not be abreast of best practices and since the auctions are not face-to-face transactions there is even greater possibility [...]
Image via Wikipedia Have you ever been in a bidding war and lost out in the last seconds of an auction? I bet you were sniped. The newest tricks in bidding and winning online auctions is to use an auction sniper software program that will automatically bid for you at just the last second of [...]
Bkassets.com often has listings for fractional interest in an asset. You may have seen ads for 1/16 interest in land or ¼ interest in a timeshare. Fractional interest pops up fairly often and is a great investment. What is Fractional Interest? Fractional interest is ownership of some but not all of the rights in Real [...]
by Bill Bronchick You can’t expect to reduce your risk of getting sued to zero, but you can take steps to reduce your risk as much as possible. In any situation where your money is at risk, ask yourself, “Is there a better way?” Know the legal and financial risks of the situations in which [...]
Bankruptcy auctions are filled with terminology and procedures somewhat foreign to the average investor; however, with a basic knowledge of the industry, a first time buyer can not only reduce risk but also close a phenomenal deal. In United States bankruptcy cases, a sale of an asset of a bankruptcy estate requires a court order. [...]
Find a Reputable Auctioneer Auctioneers often perform quite a bit of research on the assets they sell and often have more information available than sales straight from the trustee. Also, auctioneers are very familiar with a wide range of buyers; whether this is your first purchase, or you are a seasoned investor, an auctioneer is [...]
Bankruptcy. The word itself is daunting, symbolizing the worst fears of businesses and individuals alike, but to a rapidly growing population, bankruptcy means a great deal. By purchasing assets from bankruptcy auctions, savvy buyers—from young, hardcore investors to retired vacationers looking for a timeshare—have saved millions off of retail prices in the last year. Where [...]
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