Liquidating a small retail business
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Once again, this is the type of business where the ability to profit will greatly depend on a number of factors such as sales volumes, markups, and product costs.
Generally the trustee appointed will either arrange to auction off the inventory assets of clients, put out a tender, or offer to purchase the inventory, which usually goes to the highest bidder on a cash basis.
Reselling the inventory can be accomplished in a few ways including selling the inventory to retailers on a wholesale basis or selling the inventory in smaller quantities to other inventory liquidators.
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KCC does not endorse or warrant and is not responsible for any third-party content that may be accessed from this website. ("WMIH") recently disclosed that its pending acquisition (the "Merger") of Nationstar Mortgage Holdings Inc. Management of WMI Liquidating Trust (the "Trust") has received various inquiries relating to Merger.
On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust") as further described in the Plan.