04 Sep

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How Liquidating Assets Can Help You Pay Down Financial Debt

selling surplus goods for paying the debt

If you’re a business owner, life can throw curveballs that are out of our control. Layoffs, unexpected office expenses or a sharp economic downturn can take a toll on our finances. Many business owners will take out loans to handle these surprises. But what happens when you’ve gone too deep and cannot afford to maintain all that debt? Liquidating your assets can help you earn some quick money to get you out of a pinch. Liquidating means selling anything that can be converted into cash in a well-organized manner. In extreme cases, some people will turn to their personal assets and sell big-ticket items like…

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06 Jul

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What Are Liquid Assets?

What Are Liquid Assets?

An asset is an economically valuable resource that provides benefit to an individual or business. It can be classified as liquid (short term) or non-liquid (long term). Liquid assets can be quickly converted into cash with minimal losses. Bank notes, short-term promissory notes, treasury bills and other government bonds and bank accounts are examples of…

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02 Jul

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How To Approach The Sale Of Liquidated Assets

Approach On The Sale Of Liquidated Assets

An asset can be considered almost anything, but it’s usually something of value such as a property. When you are downsizing or file bankruptcy, assets must be sold off (liquidated). There are two types: liquid or non-liquid. They’re based on their liquidity which signifies the conversion of fixed assets into liquidated assets. A business will…

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12 Feb

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Selling Off Your Assets: Auction Vs Whole Lot Purchase

Asset Liquidation Options

When looking to sell liquidation assets or turn overstock, surplus, or obsolete merchandise into cash, there are a few liquidation options available to you, including whole lot purchases and auctions. Knowing the difference between these two types of sales can help you make the right decision for disposing your company assets depending on your needs.…

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