Liquidating assets definition

04 May

In most cases the cash is intended for paying creditors.Both businesses and private individuals can liquidate their assets, which may include real estate, automobiles, equipment, raw materials and investments.I'm sorry I never made it to your party, after I went to taco bell my assets were liquidating all night.Someone at school put ex-lax in Chad's drink, leaving him with liquidating assets during biology, forcing an evacuation of the class because of his runny asshole.In a bankruptcy cases, certain types of property are exempt from liquidation.

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Liquidating Your Assets Handling Your Financial Obligations Making Your Final Distributions Community Q&A If you are faced with closing your business and you were unable to locate a buyer to purchase the business in its entirety, you should consider selling/liquidating your business’s assets.

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In finance and economics, liquidation is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations as and when they come due. Bankruptcy Code governs liquidation proceedings; solvent companies can also file for Chapter 7, but this is uncommon.

You should speak with an attorney or certified public accountant that specializes in business closures.

While the process of closing a business is very difficult for many reasons, it is important to make sure you get the best value for your assets, pay your employees, satisfy your creditors, and comply with state and federal laws.