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Talk to Your Lawyer and Accountant


   

The information here is intended to provide you with a general overview of the liquidation process. It is not a substitute for case specific advice that only your lawyer and accountant can provide.

Remember also that you will need the cooperation of your creditors. Once you have developed a plan, present it to them. Notify them before you act. If you are candid and have a well thought-out plan, they will more likely to support you.

 

Asset Liquidation: Introduction
Talk to your lawyer and accountant.
Scrutinize your assets.
Secure your merchandise.
Establish the liquidation value of your assets.
Make certain that a sale is worthwhile.
Choose the best type of sale for your merchandise.
Select the best time for your sale.
Arrange to hold your sale at the most appropriate location.
Hire an expert to conduct your sale.
Use a non-recourse bill of sale.

 

 

 

 

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