For Lenders, Trustees & Counsel
Asset Recovery & Insolvency Services
Pennyworth provides structured recovery and liquidation of business and collateral assets — with itemized disposition reporting and defined timelines. We have served lenders, bankruptcy professionals, receivers, insurers, and commercial landlords, and we work alongside the parties already directing the matter.
Who We Serve
Built for the parties handling a wind-down
The needs of an insolvency or recovery matter are not the needs of an ordinary sale. The emphasis is on accountability, documentation, and a defined close — and that is how we run these engagements.
Banks & Lenders
Recovery and orderly liquidation of collateral and repossessed business assets, with documentation suited to your files.
Bankruptcy Trustees & Attorneys
Liquidation of estate assets in Chapter matters, with itemized records of what was sold, donated, or disposed of, and the proceeds returned.
Court-Appointed Receivers
Operational support for receiverships — inventory, removal, sale execution, and reporting — working within the order’s terms and your direction.
Insurance Dispositions
Recovery and resale of salvage, recovered, and surplus property arising from claims, handled in an orderly, documented manner.
Commercial Landlords
Clearance and disposition of abandoned commercial assets and tenant property left after a closure or eviction.
Corporate Wind-Downs
Full-facility liquidation for business closures — office, warehouse, retail, and equipment — on a schedule that fits the closing.
What We Provide
Recovery, sale, and a clean record
- On-site inventory review
- Secured asset removal
- Cataloging & photography
- Online auction liquidation
- Bidder marketing & exposure
- Pickup & logistics management
- Itemized disposition reporting
- Proceeds accounting
- Donation routing of unsellable goods
- Residual disposal where approved
Accountability
Disposition reporting
Every engagement closes with an itemized account: what was recovered, what sold and for how much, what was routed to donation, and what was disposed of. The record is built for the file — for a lender’s recovery documentation, a trustee’s report, or a receiver’s accounting to the court.
How It Works
From engagement to close
- Initial discussionTell us the nature of the matter, the assets involved, the location, and the deadline you are working to.
- On-site review & planWe assess the assets and propose an approach, timeline, and the form of reporting you require.
- Recovery & catalogingAssets are removed as agreed, then photographed, catalogued, and prepared for sale.
- Auction liquidationItems are sold through Pennyworth Auctions on the BidHarbor platform, with local pickup.
- Reporting & settlementYou receive an itemized disposition report and the net proceeds, per the terms of the engagement.
Confidential & Time-Sensitive
Discuss a matter with our team
Tell us what you are handling and the timeline involved. We will respond promptly and, where it helps, arrange an on-site review. Matters are handled discreetly.