1.1 What does judicial auctions mean?
Judicial auctions are forced sale proceedings through which movable and immovable goods, that derive from insolvency proceedings (bankruptcy, arrangement with creditors, extraordinary administration etc…), judicial executions, and foreclosures are put on sale in order to satisfy the group of creditors or the single creditor.
In order to get more information and insights it is possible to consult the information sheets published on our site and available at these links:
- Insolvency procedures
- Comprare casa all'asta
1.2 What role does Aste Business play?
Aste Business S.r.l, owner of the www.astebusiness.it platform, is a telematic auctions house enrolled in the Register of telematic sales Managers at n.65 for all the Italian court of appeal. It works in the insolvency field as specialized subject ex. art. 107 l.f. and it intervenes in the process of sales management, providing the administrator with assistance and support needed, managing the liquidation and performing the activities and obligations needed in accordance with the procedure.
1.3 What kinds of auctions can I find on the www.astebusiness.it platform?
On the www.astebusiness.it platform you can take part in online auctions without incanto, timed online auctions, online blended mode auctions, online auctions with authentication, advertising, auctions by a commission agent and telematic asynchronous auctions ex DM 32/2015.
1.4 What kinds of goods are put on sale on the www.astebusiness.it platform?
In the capacity of telematic auctions house, enrolled in the Register of telematic sales Managers at n.65 for all the Italian court of appeal, on the platform www.astebusiness.it you will find auctions of goods derived from insolvency proceedings (bankruptcy, arrangement with creditors, extraordinary administration compulsory administrative liquidations etc…). There isn’t any auction of goods coming from private sectors or Leasing.
1.5 What is the difference between an auction and a private sale?
Apart from the nature of the sale itself, in the judicial auctions there is no warranty because they are forced sales. The purchase is conducted in the rule of law and fact on which the good is located under the famous clause “seen and liked”