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By Order Of:
Complete Closure of a 185,000 Square Foot Injection Molding Facility Including Real Estate

As per the Bankruptcy Court for the Eastern District of Michigan
Collins & Aikman
Sale#: [COLLGA07]

Complete Closure of a Tier One Automotive Manufacturing Facility
Sale Details Links Documents (PDF)
Sale Type
Webcast & On-Location Auction

Date & Time
1-Day, Tues June 12, 2007 at 10am Eastern Time

Sale Location
Morristown, IN USA

Equipment Location(s)
Morristown, IN USA

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Absentee (Proxy) Bidder Form

Featured Items

Real Estate to be Sold at Auction -- 25 Acres, 185,000 Sq. Ft. ~ Contact Auction Office for Details. 203-488-7020
Real Estate Due Diligence Package (PDF)

Coming Soon!

Sale Details

Tuesday, June 12, 2007 at 10am (Eastern)
2782 E US Highway 52 Morristown, IN 46161
Presented in Conjunction with:
Absentee (Proxy) Bids & Accounting Contact: Myron Bowling Auctioneers
Equipment & Preview Contact:  Jim Tremaine at 513-235-5747

Equipment Location and Removal Details

Morristown, IN
Lot #s: TBD
Address: 2782 E US Highway 52 Morristown, IN 46161
Sales Tax/ VAT: TBD
Inspection/ Preview: Monday June 11, 2007 from 9am - 4pm
Removal: Removal begins after the last item is sold and
lasts for one hour. Removal continues the
morning and on all weekdays from
8AM to 5PM.
Last day for removal is Friday 6/22/07.
  *Shipping Only:  

*The Branford Group does not pack, ship, store, crate or rig items. Buyers may either pick up their items at the designated auction site personally or can arrange for a third party logistics firm to manage the removal process for them. If someone other than the registered buyer at the sale is designated to pick up those purchased assets, the buyer must: 1) Contract with an independent logistics firm or other representative who will dismantle, crate, pack, or ship your purchased items. 2) Coordinate the removal of those purchased items to meet the time deadlines indicated on this page. 3) Submit an "Agent Release Authorization" form which will allow The Branford Group to release items to a third party contractor for shipping, crating or packing purposes. *The Branford Group finds and displays one or more local logistics service providers who understand our removal process, offer specific services, and have certain skills and capacities. We offer this service to you without representations or warranties of any kind whatsoever.

Sale-Specific Terms Summary

Payment Deadline: Within one business day after invoice date.
Currency: US Dollars.
Language: English.
Registration Requirements: Open to the public. Free to bid onsite or via proxy form. All bidders must provide their name, company (if applicable), mailing address and phone number prior to the auction. When applicable, Electronic bidders are required to provide a valid email address and Visa, American Express or Mastercard number. At its discretion, TBG may charge a registration fee for Electronic bidding. This fee will be clearly displayed during the registration process.
Deposit: TBG requires a deposit of not less than twenty five percent (25%) of the Buyer's TOTAL PURCHASE PRICE by the end of sale day - with the balance due by the end of the next business day. This can be in the form of cash, a cashiers check, or business check with a bank letter of guarantee. For Electronic bidders, at its discretion, TBG may contact bidders via email or telephone before or during the sale to provide a bank letter of guarantee or wire transfer as a deposit. If TBG does not receive a response from its attempts to contact Buyer or if the Buyer does not provide a deposit, TBG reserves the right to refuse or cancel Buyer's bids and re-sell Goods.
Buyer's Premium: 10% of the purchase price for onsite buyers and 13% for webcast bidders.
Sales Tax: See each location for specific percentage. All applicable state sales taxes apply. It is the responsibility of the Buyer to provide documentation necessary for exemption or refund of sales tax paid.
Invoices & Payment Instructions: Winning bidders can request a printed paper invoice from the Accounting Manager at the sale location during or after the sale. Electronic bidders will be sent an electronic invoice (usually by the morning after the completion of the sale) to the email address provided during registration. Invoices can be faxed upon request. Detailed payment instructions for each sale are available in the printed lot catalog at the sale location on the day of the sale. Electronic bidders will be sent detailed payment instructions via email along with their invoice.
Payment Conditions: All payments must be in Cash (at the sale location, when available), Cashier's or Certified Check, Federal Wire Transfer of immediately available funds or a Corporate Check accompanied with a bank letter of guarantee. CREDIT CARDS ARE NOT ACCEPTED AS PAYMENT TOWARDS INVOICES. Credit cards are accepted only for Electronic bidding registration and for Liquidated Damages in the event of a default. Without limiting TBG's discretion, no corporate checks without a bank guarantee and no personal checks will be accepted. No title shall pass to Buyer until the total purchase price and all Taxes have been paid to TBG in collected funds.
Removal, Shipping & Logistics: The buyer (or a third party Authorized Agent contracted by the buyer) is responsible for removal of equipment by the posted Removal Date.

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