Liquidating business inventory
These digital marketplaces let you reach out to customers who arent in your local market.Spend some time researching the online market and take site fees into account before setting your price.This document/information does not constitute, and should not be considered a substitute for, legal or financial advice.Each financial situation is different, the advice provided is intended to be general.It is not necessary to file for bankruptcy to liquidate inventory.Liquidation can also refer to the act of exiting a securities position.We are wholesale liquidators of toys, housewares, gifts, home decor, novelties, school supplies, juvenile products, party goods, furniture, and all other wholesale items.We buy closeouts from importers, distributors, fulfillment warehouses, third party logistics companies, manufacturers, and wholesale companies.
If you want to sell your surplus inventory quickly but dont want to spend too much effort in the liquidation process, you can sell your products to a liquidation company and be done with them.The debt will remain until the statute of limitation has expired, and as there is no longer a debtor to pay what is owed, the debt must be written off by the creditor.Assets are distributed based on the priority of various parties’ claims, with a trustee appointed by the Department of Justice overseeing the process.Our distribution warehouse in Chicago, IL has 100,000 square feet filled with overstock clearance inventory, and can accommodate any size shipment.We specialize in buying closeout, excess, overstock, liquidation and discontinued products.If that does not cover the debt, they will recoup the balance from the company’s remaining liquid assets, if any. These include bondholders, the government (if it is owed taxes) and employees (if they are owed unpaid wages or other obligations).Finally, shareholders receive any remaining assets, in the unlikely event that there are any. He's worked 13 years in automation engineering, 5 years in IT, and now is an Apps Engineer.A former Managing Editor of Make Use Of, he's spoken at national conferences on Data Visualization and has been featured on national TV and radio.Please contact your financial or legal advisors for information specific to your situation.Merchandise USA is a wholesale merchandise closeout liquidator in business more than 33 years.