These lenders will seize the collateral and sell it—often at a significant discount, due to the short time frames involved.If that does not cover the debt, they will recoup the balance from the company’s remaining liquid assets, if any. These include bondholders, the government (if it is owed taxes) and employees (if they are owed unpaid wages or other obligations).And finally, you have come to realize that selling a business with significant assets is much easier said than done. Most with the required assets and credit lines required to buy your business will not want to invest for the same reasons your heirs have declined the opportunity.The vast majority will not pay for goodwill or "blue sky." They will discount your inventory and pay far less than cost.We offer below wholesale prices on closeout and liquidation merchandise from major department store items, plus surplus and excess inventory liquidations.Our team speak over 10 Languages Location: We are centrally located between Miami International Airport and Fort Lauderdale Airport.Further Possible License(s): "Going out of business sale" means any sale, whether described by such name or by any other name such as, but not limited to "closing out sale", "liquidation sale", etc., held in such a manner as to indicate a belief that upon disposal of the stock of goods on hand, the business will cease and discontinue at the premises where the sale is conducted.Businesses should obtain a license to conduct such sales from the clerk of the city, village, or township in which the proposed sale will be conducted.
The most senior claims belong to secured creditors, who have collateral on loans to the business.Our experienced staff will help guide you through the process of buying Excess, Closeout merchandise and customer return inventories for both export and domestic market.International Closeouts Distributor Closeouts Merchandise available for our partners originates with major department stores, catalogue companies, manufacturers, and from time to time we offer Bankruptcy deals.International Closeouts Distributor Wholesale Closeout Merchandise International RS Trading Company, an International Closeouts Distributor and your source for wholesale closeout merchandise, offering you closeouts, overstock, customer return merchandise, surplus and liquidation merchandise!Your buying experience will eliminate the middleman and offer you huge savings at pennies on the dollar!