For most companies, dealing with liquidation is a new experience and one that prompts numerous questions. Essentially, “Company Liquidation” means that a business is unable to meet its financial obligations and pay off its debt. Company liquidation can be done as a voluntary liquidation or a court ordered, forced liquidation, where a liquidator is appointed to oversee the process.
Rabin’s Company Liquidation Services
Rabin has extensive experience with bankruptcy, insolvency, and corporate restructuring, and our goal is to realize maximum value for every client. Our company liquidation services are all-inclusive – we will guide you through every step of the process. Whether your company is looking to sell off surplus real estate, machinery or equipment, or needing to completely liquidate, we can help.
Rabin’s seasoned team brings all of the resources required to accurately evaluate, market, and sell industrial and commercial assets in an orderly liquidation or auction. With our large database of potential buyers, we can directly reach out to our closest industry contacts and personally invite them to participate. Our proprietary auction platform and online technologies connect you with qualified buyers from all over the world.
Rabin Specializes in Offering Clients:
- Decades of experience with a proven track record of successful transactions
- Aggressive advertising campaigns with a dedicated sales team
- Excellent customer service and hands-on attention
- Methods tailored to meet our clients’ specific requirements
- A targeted worldwide audience, using a blend of traditional and digital media
Company Liquidation: Here Is What You Need to Know
The purpose of company liquidation is to sell assets to pay off as many creditors as possible. At the end of the process, the business will be officially closed and no longer exist. The steps that a company must take will depend on what type of liquidation it is and whether the company moved willingly to be placed into liquidation or was forced into it by creditors. To best protect your interests, it is a smart idea to consult with your attorney or tax specialist for professional advice before you begin the process.
Voluntary liquidation permits for a planned, orderly winding-up or dissolution of the business. Assets can be sold with more involvement from the company’s owners and directors.
A court-ordered or compulsory liquidation is taken out of the hands of the company’s directors.
In both cases, the liquidator’s job is to see that the process is carried out properly and legally. Generally a company will need to take the following steps:
- Compile a list of all outstanding creditors.
- Have all of the company’s assets identified, evaluated, and appraised for liquidation value.
- Put a stop to any present or future contracts and promises made to other businesses and settle up with company employees.
- Consider outsourcing the process of selling company assets to a qualified third party asset recovery and disposition expert who has been involved in the exact process many times in the past.
- Factor in all costs related to the company liquidation process, including: payments to the liquidator, administrators, and the services of a liquidation company.