Once you have your liquidation value appraisal, estimate your net sale proceeds. Remember to deduct all of the costs of sale. These include items such as commissions, advertising expenses, moving and storage costs, labor expenses, credit card discounts, rent and utilities. Also deduct amounts that are secured by liens on your assets such as rent, delinquent personal property taxes and loans owed to secured creditors.
If a liquidation sale doesn't look worthwhile after you've done your calculations, talk to your attorney. There may be more appropriate exit strategies for you to pursue.
