Liquidators Sales

There are many factors that can contribute to the tough financial times of a business, big or small. Some of these factors include a struggling economy, hostile takeover, natural disaster or an illegal activity such as fraud or theft. When a company encounters any type of financial chaos, it may be forced to claim bankruptcy and liquidate some of its assets. These assets may include things such as furniture, computers and property to only name a few.
 
A company may liquidate their assets to regain some of its investment. The action of selling assets is called a liquidation sale. These items are generally sold at a heavily discounted price. This is sometimes advertised as a big sale where everything must go. It is important for customers to remember that there are no warranties or ways to get a refund. This means that you are buying items at your own risk.
 
Most liquidation sales are about making money for the business and not about providing customers with discounts. Items at a liquidation sale are often tagged “ as is “. This means that no returns or refunds will be allowed. There is also hardly any customer service during a liquidation sale.
 
When a business files bankruptcy, a liquidator will investigate the financial affairs of the business and will determine whether or not any illegal transactions have been made. Other duties of a liquidator include making recoveries, distributing resources to creditors and allocating any surplus to shareholders.
 
To find liquidators sales in South Africa, browse our Yellowpages listings.