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Electric Chair and Armored Car Up for Grabs in Bankruptcy Auction

Posted on in Bankruptcy

A federal bankruptcy judge has ordered online auctions to liquidate the inventory of the J. Parsons retail store in Springfield, IL. The funds raised from the sale will go to pay millions of dollars in federal and state back taxes and penalties the company owes. The State Journal Register reported that the Illinois Department of Employment Security is owed nearly $603,000 because the company did not withhold from employee paychecks.

The auctions will contain an eclectic mix of items that can be bid on, including an electric chair from a New York state prison and an armored van. Other unique items for sale include Abraham Lincoln collectibles, a lighted 30-foot catwalk, signature sunglasses from Elvis, Einstein and Thomas Edison, military swords and rare coins. And people may also bid on the company's extensive taxidermy collection which contains 130 moose, buffalo, elk, badgers, bearskins and other animals.

Owner Jeff Parsons has filed for both personal and corporate bankruptcy and a bankruptcy judge is considering consolidating the two cases into one. The liquidation of property has already begun. The $500 sale of a 2000 Ford Expedition, $3000 for the contents of a building in Indiana, $3500 for the sale a 2005 Chevy Suburban and utility trailer, and $2575 for 10 “poor quality” diamonds have all been recorded with the court.

If you are considering bankruptcy, either personal or business, make sure you consult with an experienced Illinois bankruptcy attorney. The procedure can be a complicated one and people shouldn't attempt to navigate through it without qualified representation.

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