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Bankruptcy Auctions Go Online to Boost Cash for Creditors

Joel L. Tabas, a bankruptcy trustee in Miami, bypassed traditional liquidators when faced with the challenge of selling a debtor’s 2006 Hummer H3 this year. Instead, he put it on EBay.

Trustees across the U.S. are turning to Internet marketplaces such as EBay Inc., the world’s largest, to fetch higher prices for assets, boosting recoveries for creditors. Online offerings have included a $1.5 million California house with a view of Mount Shasta, 215 pairs of sneakers from football star Warren Sapp’s Air Jordan collection and a set of Arizona cemetery plots.