Heath Industrial conducts bankruptcy, assignment and court-ordered auctions of machinery, equipment and business assets for trustees, debtors-in-possession, assignees and their attorneys. We provide USPAP-compliant appraisals, publicly advertised on-site, online and webcast auctions, buyer payments and removal, and an itemized lot-by-lot report of sale for the case file.
Based in Hoffman Estates, Illinois, we have been selling industrial equipment since 1985 and have extensive experience in court-approved liquidations. We work nationwide, with a focus on Illinois, Indiana, Wisconsin, Missouri, Michigan and Ohio.
From a single machine in a small estate to a complete plant in a Chapter 7 case.
Trustee sales of a closed debtor's machinery, equipment and business assets, conducted and documented for the court.
Sales of surplus or non-core equipment for debtors-in-possession while the business reorganizes and keeps operating.
Assignment for the benefit of creditors sales, giving assignees a fast, transparent route to liquidate business assets.
Sales by order of a state or federal court, including receiverships and dissolutions, run under the authority the order sets out.
Orderly, documented liquidation of industrial estate assets, with clean settlement records for executors and beneficiaries.
Court-acceptable FLV, OLV and FMV appraisals for schedules, motions, plan confirmation and valuation disputes.
One team manages the sale from the first inspection to the final report of sale.
We review the assets and premises with the trustee or counsel and give a realistic picture of what a sale can recover.
USPAP-compliant FLV, OLV and FMV appraisals in the format the court and the parties require.
We supply the information counsel needs for our retention and the sale motion, and schedule around the court calendar and notice periods.
Every lot is photographed and described. The sale is advertised publicly, with the court authority line and case reference, to buyers nationwide.
On-site, online-only or webcast. We handle registration, bidding, clerking, buyer payments and removal from the premises.
An itemized lot-by-lot report of sale and the net proceeds, typically within 30 business days of the auction.
Every step is documented so the trustee, creditors and the court can see exactly how the assets were sold.
The firm that values the estate's assets also sells them, so appraised values reflect what equipment actually brings at auction. About our appraisals →
Four decades of sales for trustees, lenders and owners means realistic expectations and schedules that fit the case.
From a complete facility to a handful of machines. Plant closings → Lender sales →
Licensed and bonded in Illinois and surrounding states. Members of the National Auctioneers Association, Illinois Auctioneers Association and Machinery Dealers National Association.
Call as soon as you are appointed. An early inspection gives you a realistic recovery estimate and timeline, and an appraisal for the file if you need one.