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O. Rundle Gilbert, an auctioneer, bought the collection at a liquidation auction for $5,000.
The unit usually costs $20 million, but Holly found one at a liquidation auction.
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Solar has become one of the more active segments in industrial liquidation auctions, said Ross Dove, a managing partner at Heritage Global Partners, which will conduct the Solyndra auction.
The complications, these experts said, could make it more likely that instead of Global Crossing's emerging from bankruptcy as a viable company, or being acquired, the proceedings could lead to perhaps the least desirable outcome for creditors: a liquidation of the company, with its assets auctioned to the highest bidders.
No. Second, are bondholders likely to do better forcing a liquidation, and standing in line to collect whatever the assets bring at a bankruptcy auction?
"We did a liquidation analysis.
It's practically a liquidation sale.
A liquidation would represent a dismal end.
At that point, the unsold merchandise is processed by Genco, a liquidation and distribution company, which in turn, relies on Slingshot Solutions, one of ReturnBuy's competitors, for expertise on how to conduct the online auctions.
A liquidation plan was approved in bankruptcy court in August.
It's more than a liquidation model.
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