Approximately 92 vehicles selling in second wave of Truland vehicle auctions

ASHBURN, Va., Sept. 24, 2014 /PRNewswire/ -- The liquidation of assets owned by bankrupt electrical contractor Truland Systems is accelerating with the offering of 92 vehicles – more than twice the number offered in the first auction.

"Our first offering of Truland vehicles went smoothly. For the second round, we have more than twice as many to sell, because more inventory has been prepared for auction and vehicles have been returned by many of the company's employees and contractors. We've really appreciated their cooperation in our efforts to recover assets for former employees, contractors and other creditors of the company," said Stephen Karbelk, of Auction Markets, LLC, which is marketing the vehicles along with David Fiegel of Blackbird Asset Services.

Online bidding opened Friday, Sept. 19, and will end Wednesday, Oct. 8.

The current auction consists primarily of pickup trucks and vans, said Karbelk. "We have a large number of Ford F-Series and Ranger pickups, Chevrolet Colorado and Silverado trucks, as well as Ford and Chevrolet vans. The inventory also includes a 2008 Ford F550 chassis/bucket truck, an Isuzu 12-foot stake body truck and other vehicles," said Karbelk.

"A bankruptcy like Truland is so unfortunate to those affected, and our group is focused on helping the estate recover as much as possible for creditors," he said.

Prior to filing bankruptcy on July 23, the Reston-based Truland Group of companies was one of the largest electrical contractors in the United States.  At the time of their filing, they were working on high-profile construction projects such as buildings for Marriott, NASA and George Washington University. 

Individuals seeking additional information on the auction sales may visit auctionmarkets.com or email [email protected].

For more information:
Carl Carter, 205-823-3273

SOURCE Auction Markets, LLC