Further, the professionalism and sophistication of some liquidating firms have evolved so dramatically in recent years, many retailers have found that liquidators can be valuable partners with resources necessary to achieve certain goals.Many of you are familiar with the "traditional" approach to inventory liquidation through a bankruptcy.You are in the right place if you are interested in selling your merchandise to one of the industries premier and most reputable closeout companies.Call us toll-free (888) 757-0060 or Contact Us Online Whether you are a new company or a seasoned large corporation, it is important to remember that where you sell your surplus and inactive inventory is very important.The assets of a running business include its clients and their purchases.Machinery, equipment, shelving, and communications systems arranged complexly for a purpose are more valuable as a group than taken individually.Chapter 11 Liquidations The Bankruptcy Code's ultimate goal as it relates to businesses is to maximize value for creditors.In recent months liquidations, as opposed to reorganizations or going concern sales, have become a common method of achieving this goal.
Thus an owner selling his or her business for cash as a going concern is technically liquidating it—but in usual parlance the term is applied only to a situation where a business is closed and all of its assets are sold.
Merchandise USA specializes in buying closeout, excess, overstock, liquidation and discontinued inventory.
We are buyers of toys, housewares, gifts, home decor, novelties, school supplies, juvenile products, party goods, furniture, and all other wholesale closeouts.
Companies often use chapter 11 to liquidate their assets because management remains in place during the bankruptcy process.
Some argue that this results in a more orderly liquidation that increases the ultimate return to creditors.