Home / Bankruptcy or receivership
How FALCO helps
Turn the estate into cash the court can see.
Trustees and receivers need assets sold quickly, in the open, and for a price that holds up to scrutiny. Public auction does all three. We line up the right licensed auctioneer for each asset class and hand you a clean record of how everything sold.
Is this you?
Who we help here.
We usually hear about these from chapter 7 and Chapter 11 filings in Tennessee's federal courts, receivership orders, or a call from the trustee's office.
- Chapter 7 trustees
- Court-appointed receivers
- Debtor's counsel planning an orderly sale
What gets sold
What we can route.
- Real estate
- Vehicles and equipment
- Business inventory
- Boats and aircraft
- Collections
How it works
Three steps.
Stop after any one of them. Nothing is owed either way.
Send us the schedule
We read the asset schedule and tell you which items will draw bidders and which will not.
Match the auctioneer
Each class goes to a licensed firm that already works through the court's employment and approval process.
Sale record for the file
Bidder counts, results and proceeds by asset, ready to attach to your report.
What it costs
Nothing to you.
- No listing fee and no commission from your side.
- The buyer pays a 10% premium on top of the winning bid.That is how the auction firm and FALCO are paid.
- If it doesn't sell, you owe nobody anything.
Straight talk
What you should know.
- The court stays in chargeThe trustee employs the auctioneer with court approval. Nothing sells until the process says it can.
- Every bid on the recordOpen, marketed bidding is the easiest price to defend. That is the point.
- No side arrangementsWe don't pay referral fees and we don't ask for them.
Common questions
Straight answers.
Do your auction partners know bankruptcy sales?
We route trustee work to firms that already handle court-approved employment and sales, so you are not training anyone.
Can you handle mixed estates?
Yes. Real estate, rolling stock and personal property can each go to a specialist and still report back through one contact.
Next step
Ready when you are.
Free, and nothing is owed either way.
Not quite your situation?
- A death in the familyThe house, the truck, the guns, the collections. Settled without giving them away.
- A business is closingEquipment, fleet, inventory and the building. Sold to buyers who compete, not hauled off.
- A sale date on the houseSell through a marketed auction before the trustee sale takes the equity.
- A lien that has to be enforcedAbandoned boats, vehicles and units. Sold by the book so the title holds up.
- Land or a building that won't sellVacant land, commercial buildings and tax-delinquent parcels, in front of a room that wants them.