15 Apr

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How to Prepare Machinery for a Liquidation Auction

How to prepare machinery for a liquidation auction

If your business is considering liquidation and you deal with heavy machinery, then you’ll likely be familiar with liquidation auctions. If you’ve got surplus stock or items that you need to get rid of and want to make a quick buck while doing so, then machinery auctions are a great choice for you. Many companies also sell surplus industrial equipment to capture the latent value from old and used machinery and their parts. If your business deals with a constant inflow of new technology and you need to maintain equipment upgrades, selling old machinery helps recover some of your costs. Warehouse liquidations are becoming increasingly…

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01 Dec

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Compulsory vs. Voluntary Liquidation: What You Need to Know

Compulsory vs. Voluntary Liquidation: What You Need to Know

For businesses of all types, it is essential to learn the difference between compulsory and voluntary liquidation. While both types are insolvency proceedings, they have separate implications for your business. What is the liquidation process? Liquidation is an insolvency process where all the insolvent company’s assets are sold so that creditors will receive the proceeds.…

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15 Sep

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The Difference Between Bankruptcy and Liquidation

What is the difference between bankruptcy and liquidation?

Operating a business through a limited company offers various benefits compared to running one as a sole proprietor, including the ability to avoid personal liability for your company’s trading debts. This means that you can protect your personal assets if the business fails. If you and your company are unable to pay the debts, then…

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24 Aug

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How to Bounce Back After Liquidating Your Business

How to bounce back after liquidating your business?

Nobody goes into a business expecting it to fail. Many businesses do not even plan for failure due to unforeseen circumstances. So if you do find yourself in a situation where you need to permanently liquidate your business, where do you start? Admitting failure is hard enough, but how do you take the next step…

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01 Jul

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The Difference Between a Liquidation Sale and an Auction Sale

What is the difference between a liquidation sale and an auction sale?

There comes a time when certain companies may need to recover certain assets, which may be easier said than done. Fortunately, most companies in Toronto will have a few options at their disposal to recover their assets, including auction sales and liquidation. However, some companies may be confused about the differences between auction sales and…

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