Newcap, Inc.’s assets are being liquidated through a court-authorized auction. The auction for the Oconto facility, located at 1201 Main Street, is currently underway. Two separate online auctions will be held for the facility’s contents.
Auction Details
The first auction features the contents of the warehouse and is open for bidding now. The auction includes tools, building supplies, HVAC equipment, a forklift, a 2016 Subaru Forester, freezers, and other equipment and operational assets. The warehouse auction will begin closing on Tuesday, August 25, at 6 p.m.
A second auction will feature the contents of Newcap’s office and clinic at the same Oconto facility. This auction will open for online bidding following the conclusion of the warehouse auction and is scheduled to close on Tuesday, September 15.
Newcap owns 25 properties, which will be handled separately from these office and equipment sales. The nonprofit closed its doors at the end of March amid accusations of misusing taxpayer money and filed for bankruptcy in April.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
