Real Estate Auctions Other Asset Auctions Online Auctions Sold Assets About AAI About BSC Bankruptcy Sale Simple Definition – An asset liquidation whereby a court appointed Bankruptcy Trustee sells the assets of the debtor / bankruptcy estate. Legal Definition – Upon filing a bankruptcy petition, the court appoints a Trustee to review the debtor’s schedule of assets and represent the interest of the creditors in the bankruptcy case. Also upon filing, an automatic “stay” is issued which prohibits collection actions against the debtor or the estate. Upon “lifting the stay”, or “relief from stay”, it is the Trustee’s responsibility to liquidate the assets and distribute the proceeds to the creditors based upon each creditors priority position. Ownership – The debtor selects certain assets to be exempted from use to pay the claims of creditors based upon a statutory list of exemptions available under state law. The property that is not exempt belongs to the estate and is sold by the Trustee to pay for the administrative costs (including auction costs) and to pay creditors’ claims. Unique Process Involved – Must follow Federal and State bankruptcy laws. Important to Keep in Mind – Generally, Atlantic Auctions is selling non-real estate assets under a bankruptcy sale. (410) 803-4177 Real Estate Auctions Lender Sale October 29, 2021, 11:00 AM 5725 White Avenue, Baltimore, MD 21206 Lender Sale November 5, 2021, 1:00 PM 4421 Hooper Neck Road, Taylors Island, MD 21669 Lender Sale December 1, 2021, 11:00 AM 1258 Carroll St, Baltimore, MD 21230 Substitute Trustee’s Sale December 3, 2021, 10:00 AM 15 E. Centre Street, Baltimore, MD 21202 View All Residential View All Commercial View All Mixed Use View All Foreclosures View All Properties Other Asset Auctions No other asset auctions presently scheduled View All Assets Get E-mails On Upcoming Sales Join Our Email List Email: For Email Marketing you can trust Home Bel Air Auction Tallahassee Auction Clayton Station Public Auction PowerSport Auction Atlantic Auctions Careers Contact *The Auction makes no representations or guarantees as to the description, equipment, history, warranties, service policy, title status/accuracy, or odometer on any vehicle sold or offered for sale. BSC America • 4805 Philadelphia Rd • PO Box 200 • Belcamp, MD 21017 • Toll-Free: (800) 764-7400 Local: (410) 879-7950 FAX: (410) 272-2590 © 2021 BSC America. All Rights Reserved. Privacy Notice. Sitemap. Web Design & Digital Marketing by The Web Guys. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Cookie Settings Accept All .