Liquidating asset

With websites such as Craigslist or e Bay, it is very easy to sell small and large items alike and you can reach a wider audience.

If you are considering selling antiques or collectibles you can also consider local auctions houses or selling them to a reputable dealer.

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The parties who are entitled by law to petition for the compulsory liquidation of a company vary from jurisdiction to jurisdiction, but generally, a petition may be lodged with the court for the compulsory liquidation of a company by: The grounds upon which one can apply for a compulsory liquidation also vary between jurisdictions, but the normal grounds to enable an application to the court for an order to compulsorily wind-up the company are: A "just and equitable" winding-up enables the grounds to subject the strict legal rights of the shareholders to equitable considerations.Selling items in a consignment shop is another option.Keep in mind you will have to pay a small fee for the convenience of using their space and items usually must be current and in good condition.Generally the primary reasons to liquidate are to get rid of surplus or idle assets, to obtain additional working capital, or to pay off creditors.Before you begin the process, consult with your attorney and accountant or a professional tax advisor to help you through the process.Moreover if you intend to liquidate assets to satisfy creditors, you may need to obtain their consent to do so.

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