Divorce Settlement- Large Farm in Bowie County
The assets from a large farm in Bowie County, Texas were being disputed by parties going through a highly contested divorce. Both parties were deeply distrustful of the other and little progress was being made by the lawyers to settling the estate.
Nutt Auction was called, and it was decided that a public auction would provide the most transparent results and provide the fair market value of all the equipment being sold. The liquidation contract was approved by both attorneys and a public auction was scheduled.
The auction prices were impressive. One bidder even reported a used Case tractor being sold for more than the cost of a new one. Just as important as the selling prices was the net result of the sale. All the assets were sold in a public forum so neither party could claim the process was unfair.