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Posted by / 26-Jan-2016 23:42

Liquidating prices

The company notifies its employees, its vendors, its creditors and its customers that it is closing up shop.It pays its taxes and fulfills its contractual obligations.Compare prices and don't just presume everything is a good deal," says Alison Southwick, spokeswoman at the Better Business Bureau, or BBB, in Arlington, Va.Complaints ran rampant after recent liquidation sales at national retailers Circuit City and Linens 'n Things, with items actually priced higher at the sales than in the weeks before the liquidation.We call it the "I can't afford a liquidation" or "Cheap Liquidation" process and that service can be delivered to your company's creditors by Purnells Licenced Insolvency Practitioners.The process is based on making the benefits of using Sections 1003 to 1008 of the Companies Act 2006 (formerly Section 652 of The Companies Act 1985) available to your limited company.The most common ways to recover assets are with liquidation sales and auction sales.Understanding the distinction between these two different types of sales can help make the right decision if a company is faced with the need to sell land or equipment.

One interesting aspect of liquidation sales is that they often turn into auction sales.By contrast Purnells will, in most instances if a liquidation is needed, charge no upfront fee thus making it a free liquidation as far as your personal pocket is concerned.There are three alternative ways in which you could progress the "I can't afford a liquidation" or "Cheap Liquidation" process: - Firstly the process would only cost £10 if you do all the work yourself.It liquidates its inventory and other assets by selling them off quickly, often for less money than the company originally paid for the items.A business has several options from which to choose when it liquidates its inventory.

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