FAQ

Depending on your location, you may choose a local charity, community organization, or shelter to donate your equipment to. In the greater Toronto area, we often recommend Habitat for Humanity as a recipient.

This is a personal preference. Like many service industries, customers choose if, when and how much they would like to tip on top of the purchased service.

Depending on your preferred method of decommissioning, we may choose to liquidate your furnishings for a resale profit, donate items, or recycle furniture which can no longer be used for its original purpose. Any items unable to be used a second time or recycled into a new product may be disposed of.

After your initial conversation with one of our decommissioning experts, a member of the MGT team will visit to walk through your workplace, take inventory of the items that must be removed, evaluate based on fair market value and give you a competitive quote. Depending on your deadline for decommission, we may schedule another meeting to discuss the future of your project and what you’d like to see out of the process. Finally, office equipment is disassembled, organized, packaged, and removed. Debris is cleared and swept, and your office is left just as your lease specifies.

No. Just as there are no two businesses alike in your industry, Michaels Global Trading differs from other decommissioning and liquidation experts. We work with clients from start to finish, ensuring no equipment is left behind, and you have a smooth transition.

Your lease should have a section regarding the state it is left in following your disuse of the space. Often this means you must leave the office as you found it, including removal of wiring and connectors when applicable.

The benefits of working with a decommissioning/liquidation company lie in the additional services you receive. Rather than simply moving your belongings to a destination you designate, MGT appraises the value of your office equipment, helps you determine the best way to remove it, and organizes your office decommission, ensuring you meet all lease contract obligations upon departure.

Our payment for the liquidation management comes from the items being liquidated. In other words, in the end, you would be paid for your equipment and furnishings, rather than paying for our services. During the initial liquidation process, you may see some fees for marketing and sales. This is to encourage buyers prior to a liquidation resale or auction.

Liquidation for financial reasons, especially those relating to your creditors, results in the sale of assets. The money from this sale is shared among creditors, seeing secured debt creditors paid first, followed by unsecured debt creditors if there are proceeds left to be paid.

There is no exact number for your company’s assets. We appraise the belongings left in your office, warehouse, or retail establishment by basing their worth on the value of similar items being sold at the time. This depends on age and quality, among other factors. MGT strives to ensure our clients get the most back on your assets possible. We use a variety of sources to determine fair market value, orderly liquidation value, or forced liquidation value, depending on your financial and scheduling situations.