Liquidate means converting property or assets into cash or cash equivalents by selling them on the open market. Liquidation similarly refers to the process of bringing a business to an end and distributing its assets to claimants. It is not necessary to file for bankruptcy to liquidate inventory.

What is the difference between liquidation and administration?

In simple terms, liquidation brings about the end of a company by selling – or liquidating – its assets before dissolving it entirely. Administration on the other hand, is typically utilised when there is a chance of saving a business which is currently experiencing high levels of financial or operational distress.

How does liquidation work in a Chapter 7 bankruptcy?

Traditionally, Chapter 7 bankruptcies include liquidation and are designed to help filers rid themselves of debt and allow them to start over with a clean slate. During this process, assets are sold to repay outstanding obligations and any remaining debt is discharged. Chapter 7 does not require the filer to liquidate all assets.

What do you need to know about liquidation?

Liquidation 101 comes next, and it will cover areas such as terminology, definitions of liquidation merchandise, explanation of reverse logistics, understanding the industry, risks associated with liquidation merchandise, and.. I will get into how I started reselling pallets and truckloads of merchandise.

What is the next chapter in liquidation sourcing?

The next chapter titled, Liquidation Sourcing, deals specifically with locating liquidation merchandise sources with an emphasis on steps to take when evaluating suppliers, Brokers, and direct sources. I share some of the very techniques I use when tracking down inventory.

How many pages are in the liquidators guide?

The guide and bonuses total a whopping 270 Pages of hard earned knowledge that will help unravel the often misunderstood industry of pallet and truckload sourcing. I’m willing to share my experience withing the pages of the Liquidators Guide.