Rasmus Auctions has begun selling off desks, chairs, coffeemakers, televisions, bookcases, conference tables and other items from Truland Group’s corporate headquarters and warehouses, the Washington Post reported on Friday. The online auction for the office furniture, part of the liquidation of Truland’s assets as the company winds through bankruptcy, began this week and will close tomorrow. Rasmus was hired by Ray Yancey, the receiver managing the liquidation of Truland’s assets for BMO Harris Bank, Truland’s largest secured creditor. Yancey’s role is to recover Truland assets for both secured and unsecured creditors. Proceeds from the auction will go toward BMO Harris, which is owed about $27 million, according to documents filed in U.S. Bankruptcy Court for the Eastern District of Virginia.
