Do medical equipment liquidators usually sell to international buyers?
60% of the time when medical equipment is being liquidated, it gets exported to international buyers where their markets have not yet come to speed with North American technology.
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What will happen to the assets of the company in a Creditors’ Voluntary Liquidation?
The assets are sold and the proceeds are spilt amongst the creditors. Creditors that have secured debt against the company are paid first leaving unsecured creditors sometimes with little or nothing.
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What are the costs associated with liquidating my company?
If you’re selling your assets to a liquidator then there are no costs that you will incur because liquidators normally pay the seller and organize all logistics for removal.
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What does a liquidation cost?
This depends on the type of assets being liquidated and the business model of the liquidator. Some liquidators like to perform on-site / auction sales from the sellers location or remove all assets to bring to their warehouse for processing. Normally with an on-site / auction sale the seller can expect to pay some marketing
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I have a problematic business loan, when should I engage a liquidator?
You should engage a liquidator as soon as possible. Selling some of your assets can be a great way to recoup some money to pay back any outstanding debts and avoid bankruptcy.
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