The auctioneers hired by the estate for Truland Group, the Reston, Va.-based electrical contractor that filed for bankruptcy last month, have begun selling off the company’s 300 trucks, trailers and vans in an effort to recover money for creditors, The Washington Post reported yesterday. Auction Markets and Blackbird Asset Services opened the bidding process online Saturday for the first batch of 37 vehicles. The starting prices range from $200 for a 1992 pull-behind trailer to $3,500 for a 2007 Chevrolet Silverado Classic extended cab. Bidding for the first round of vehicles will close Sept. 5 and more auctions for the remaining vehicles are planned in the coming weeks. The money recovered from the sale of the vehicles will eventually go toward repaying creditors, including Truland employees who were not paid for their last work periods. Prior to filing for chapter 7 on July 23, Truland was the 10th-largest electrical contractor in the U.S. with about 1,000 employees, and was working on more than 250 unfinished construction projects.
