Bankruptcy Decline Continues
November 5, 2013 - The nationwide decline in bankruptcy filings we have reported earlier in this blog continues. Is it an economic recovery or other forces at work?
According to Epiq Systems Inc., bankruptcy filings totaled 801,783 nationwide during the first nine months of 2013
What? The Auction is Cancelled?
October 22, 2013 - As a buyer, have you ever experienced the letdown of an auction you were interested in being cancelled? Chances are, when you are in the business of buying at auction you are likely to come across an auction that you are excited about to find out later that it has been cancelled. As a buyer sometimes you have incurred expense to inspect equipment, examine title or do environmental reports only to learn that the item(s) you were after are no longer available.
Is The Government Shutdown Affecting Auctions?
October 15, 2013 - It seems that the government shutdown is affecting all businesses in way or another which got me questioning whether auctions are at all affected. I was surprised by what I found, and thought it would make a nice entry for the Blackbird Blog.
Greek Yogurt – A Boon to New York State
March 14, 2013 - New York State and the dairy industry are benefiting from booming Greek Yogurt Sales. As the public yearns for what is perceived as a healthier yogurt, it is also making the local economy in New York healthier.
Police Presence at a Property Auction
February 15, 2013 - While great deals can sometimes be found by purchasing property at auction, not everyone in attendance at the sale is there to buy. As a matter of fact, if they are the owner they might not be happy to be there at all.
Commercial Bankruptcy Filings Down 22 Percent in 2012
January 22, 2013 - Bankruptcy filings are at the lowest since the financial crisis of 2008. If we continue with lower interest rates, continued deleveraging by households, and reduced consumer spending, economist expect that bankruptcy filings will continue to decline into the foreseeable future. Data listed below is a summary of data taken from a report by Epiq Systems, Inc.
Going Down Bankrupt Road
August 6, 2012 - According to a recent report released by the American Bankruptcy Institute (ABI), total bankruptcy filings in the United States for July 2012 decreased 12 percent compared to the July 2011 filings. Total filings for July 2012 were 97,073, down from 110,173 filings in July 2011. The commercial only filings for July 2012 were 4,513, a decrease of 22 percent from the 5,800 filings for July 2011. The non-commercial only filings for July 2012 were 92,560, a decrease of 11 percent from the 104,373 filings for July 2011.
A Thing or Two About Tire Manufacturing
June 7, 2012 - While doing research for a project we came across some information regarding the US tire manufacturing industry that we found interesting. The US tire manufacturing industry consists of about 100 companies with combined annual revenue of about $15 billion. The industry is highly concentrated, with the top four companies generating more than 75% of the revenue.
What Happened to US Furniture Manufacturers?
May 15, 2012 - We recently conducted a bankruptcy auction for one of the last hardwood furniture manufacturing companies in the US. What follows is our assessment of what is happening in the hardwood furniture manufacturing industry.
Update on the Value of Plastics Equipment
March 22, 2012 - In the United States, the plastics industry is linked to the general health of the economy because plastic products are used widely in industry and as consumer products. Thus, plastics demand depends on the overall health of the economy [www.firstresearch.com]. Since the recession of 2008/2009 when manufacturing was at an all-time low, industry officials are optimistic that the Blow Molding Industry will continue to slowly recover.