Connecticut, Ohio, Maryland, California Inventors Develop Bankruptcy Asset Auctioning System

ALEXANDRIA, Va., July 26 -- Lorenzo Mendizabal of Bloomfield, Conn., Donald Pierce of Enfield, Conn., William R. Gruber Jr. of Loveland, Ohio, Francine Gordon of Aurora, Ohio, David Marchick of Chevy Chase, Md., and Ricardo Perez of San Mateo, Calif., have developed a system for auctioning bankruptcy assets.

According to the U.S. Patent & Trademark Office: "A method and system for conducting, managing and executing over a communication network, an auction of at least one claim or . . .