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Bankruptcy Auctions: Insights, Strategies, and Success Stories
Manage episode 424388555 series 3573171
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In this episode of the No Reserve Podcast presented by BidWrangler, we take a deep dive into the auction industry, offering insights, tips, and the latest trends. Hosted by Tim Peters, CEO of BidWrangler, this episode features Mark Manley, the President of Wiregrass Auction Group. Listen in as the episode explores the complicated landscape of bankruptcy auctions and strategies for success.
Key Points:
Complications with Bankruptcy Auctions
Manley, an experienced auctioneer and the President of Wiregrass Auction Group, shares insights into bankruptcy auctions and their complexities.
Getting Started in Bankruptcy Cases
Breaking into the bankruptcy space, working with attorneys and clients, dealing with failed deals, and determining asset liquidation.
Strategies for Success
Strategies like personal calls with registered bidders are highlighted as crucial for successful auctions.
Thriving in the Auction Industry
The episode emphasizes leveraging relationships, education, and persistence to achieve success.
Quotable Moments:
"Bankruptcy is not something most people want to talk about, but it is a part of the auction industry where we can be really useful.”
"Personal calls with registered bidders are crucial for successful auctions. It helps uncover obstacles and increase buyer confidence."
"The best way to succeed in the auction industry is by leveraging relationships, education, and persistence."
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