Structured disposition of machinery, equipment, and related assets to help financial institutions manage defaults, bankruptcies, and foreclosures while protecting collateral value.
When a loan becomes non-performing and liquidation is required, lenders need a clear, compliant process for converting machinery and equipment into cash. The Dobbins Company has decades of experience managing industrial asset liquidations for banks across the Southeast, working in coordination with legal counsel to support bankruptcy, foreclosure, and other workout situations.
Engaging legal counsel early is essential to address statutory requirements, notices, and documentation. Once the legal framework is in place, we manage the practical side of liquidation—evaluating the assets, recommending the appropriate sale method, coordinating logistics, and overseeing the sale process from start to finish. Different situations call for different approaches, which is why we employ multiple liquidation methods to balance timing, market reach, and recovery goals.
Auctions are used when broad market exposure and a defined sale date are key to maximizing recovery. We help structure and manage the auction process, from organizing the asset list, marketing the sale and overseeing the event through settlement.
Sealed-bid sales are appropriate when the buyer pool is more limited, the assets are highly specialized, or a more controlled sale process is preferred. We work with lenders to identify qualified prospects, structure bid terms, and evaluate offers to support a defensible, well-documented recovery outcome.
For auction liquidations, The Dobbins Company collaborates with Bullseye Auction & Appraisal, a long-standing partner with deep experience in online industrial auctions. Together, we provide lenders with a streamlined process that combines coordination with bank counsel, disciplined asset preparation, and broad market reach.
This alignment allows banks to work through a single point of contact while knowing that both the auction and the handling of proceeds are managed with the controls, transparency, and professionalism required in a regulated lending environment.
When engaging a liquidation professional, keep in mind that there will be a period of time that this person will be responsible for all the liquid assets generated. Knowing who one is dealing with is critical. The Dobbins Company has a 50 year track record in competently executing successful liquidations.
As early as possible. You don’t have to wait for foreclosure or bankruptcy to get advice. We are available to discuss your situation at no charge and help you think through options. Early planning usually improves your net recovery.
Costs vary by sale type (auction or sealed bid) and the scope of the project—number of items, condition of the facility, marketing needs, and any clean-out required. For each situation, The Dobbins Company develops a clear plan outlining expected expenses so lenders know what to anticipate.
Some firms do this, but The Dobbins Company does not. Buying the assets and then auctioning them creates a conflict of interest and can reduce the lender’s net recovery. We work on a negotiated commission and focus on maximizing results for the bank, not profiting from the spread between a bulk purchase price and the auction proceeds.
Yes. Buyer’s premiums are common and we normally charge a 10% BP in our online auctions.
1108 Old Chattahoochee Avenue
Atlanta, Georgia 30318
