Financial Distress Group

The Ritchie Bros. Auctioneers Financial Distress and Insolvency Group facilitates asset disposition for a wide range of financially distressed and bankrupt companies.

We understand the intricacies and constraints of the insolvency and bankruptcy processes, and provide assistance to workout, turnaround and bankruptcy professionals to facilitate a timely and commercially-reasonable disposal of assets.

Ritchie Bros. has worldwide experience marketing and auctioning assets from distressed companies in many different industries, ranging from heavy equipment and transportation to real estate. In 2007, we handled more than 261,000 lots at 183 unreserved industrial auctions and 177 unreserved agricultural auctions. That global marketing and auction presence ensures a maximum realization of value, regardless of local conditions.

With 38 auction sites – including 29 in North America – and more than 950 permanent staff around the world, Ritchie Bros. is able to locate and secure assets virtually anywhere. We will work with you to bring assets to the nearest Ritchie Bros. auction site, and store them until the next auction at that location.

Ritchie Bros. has the resources necessary to offer turnkey solutions to financial distress professionals, including an immediate plan of action that will add value at any point in the distress, insolvency and bankruptcy continuum. As a public company, we have the financial strength and resources to offer cash advances against future auction proceeds.

Talk to a Ritchie Bros. representative to learn more about our asset disposition solutions.