What is liquidating assets

The Small Business Administration (SBA) suggests purchasing your leases if you only have a few more payments to make.

Liquidation of assets refers to selling off property in order to raise cash.In financial terminology, assets are items that have value.They are the opposite of debts, which signify money that is owed.Insolvency You may be forced to consider liquidation because your company is no longer solvent.If the company remains solvent it can still be controlled by the directors of the company but when it is insolvent, you can place the company in control of a liquidator who will then deal with the aspects of the liquidation or winding up of the company.You are not permitted to take actions that would enrich you at the expense of the trust.

530

Leave a Reply