Debt Mediation & Liquidation
We Restructure, Mediate And Liquidate Business Debts
Liquidation is the process of selling a business’s assets to produce enough cash to pay back creditors. It ends in the business closing. If a company is not able to make ends meet, liquidation is one option to pay creditors and close the business. Liquidation is just one business exit strategy option. An exit strategy is how you plan on selling your investment in your business. Other exit strategies you might consider before liquidation are mergers, acquisitions, and Initial Public Offerings.
There are many types of assets a business could liquidate:
- Equipment (e.g., computers, forklifts, copy machines)
- Furniture (e.g., couches, desks, chairs)
- Inventory (e.g., raw materials, works in progress, and finished goods)
The Small Business Administration (SBA) suggests purchasing your leases if you only have a few more payments to make. Paying $100 to purchase your lease and selling it for $1,000 to someone else is a smart business decision. And, donating outdated equipment, furniture, and inventory to charity will earn you small business tax deductions.
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HABEEB CAPITAL LLC
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380 Townline RD
Hauppauge NY 11788