I can understand completely and would not of bid knowing the situation , BUT one must realize that in filing bankruptcy the farmer more than likely got out of paying someone he owed or lots of people he owed money to. May have been lots more than the value of all his tractors put together. Who knows the complete story? In bankruptcy , someone is gonna lose! How much did he owe? Lots of unknowns here. Can't expect total strangers at the sale to have much sympathy either. Who knows, he may have walked away from a $200,000 debt just for giving up $50,000 of assets. Who knows. I feel sorry for him but maybe he just let this thing go too many years. Ya got ta know when to hold and know when to fold. Sad deal all around.
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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