Besides estate sales, liquidating the estate may be done in the form of an auction or the estate liquidator will offer a cash buy-out for the entire contents of a home.
In United Kingdom, Republic of Ireland and United States law and business, liquidation is the process by which a company is brought to an end.
The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.
Liquidation may either be compulsory (sometimes referred to as a creditors' liquidation) or voluntary (sometimes referred to as a shareholders' liquidation, although some voluntary liquidations are controlled by the creditors, see below).
Please also feel free to use Covingtons as another one of your satisfied customers!
You ship the goods to the Via Trading facility where they are processed into small lots and sold by the case or pallet to hundreds of buyers. Certain types of products may be most appropriate for liquidation through Via Trading’s monthly live auctions.I would recommend Via Trading to everyone and hope to use them again.”“Thanks once again for handling so promptly and smoothly the sale of our Covingtons overstocks.I have mentioned the successful relationship we’ve had with Via Trading to some colleagues in our industry and I may be in contact with you to help them with their liquidations.The assets and property of the company are redistributed.Liquidation is also sometimes referred to as winding-up or dissolution, although dissolution technically refers to the last stage of liquidation.