We are only allowed to auction some objects under consideration of § 168 InsO. That means: we have the order to obtain bids for this object and submit the highest bid to the secured creditor. The creditor now has 7 days to agree to the highest bid or to submit a higher bid.
If the bid is approved, the bidder who submitted the highest bid will receive an invoice by email. If the security creditor does not agree to the bid submitted by us, the bid expires. The bidder will be informed of this immediately.
We would like to point out that it usually takes more than the 7 days specified by law until the bid is accepted or rejected. This can be caused by weekends, public holidays, postal times, etc. Therefore, please allow a time window of 10-20 days after the offer expires. Your bid remains binding during this waiting period.
