When your business is faced with bankruptcy, it can be a very difficult time for all involved. You will have many things on your mind such as debts, letting staff go and the loss of your business. All of these things can make life very hard but, there is a small glimmer of hope, in the form of bankrupt stock.
Bankrupt Stock
Bankrupt stock is a very valuable asset. It can be sold and turned into cash, rather than being left to do nothing. The resulting cash can be used to help you pay off your debts and get back on your feta t a time when you will need all of the spare cash you can lay your hands on.
By selling off your stock, you are giving yourself a chance to recoup some of your losses and have a little room to manoeuvre. After all, something has to be done with all the stock that is left over when a business goes under, so why not benefit from it?
Damaged or Obsolete?
Even damaged or obsolete good s which you may have been led to believe have no intrinsic value whatsoever can be sold; there are many companies who will place a bid on such items. You may not raise a lot of money from the sale of such goods but every little helps when you are facing financial trouble.
How to Sell Bankrupt Stock
It is possible to hold a bankrupt stock auction in which interested parties will place a bid on your items and hopefully, take them away; leaving you with a tidy sum. Organising such an event yourself would likely be very stressful at an already stressful time.
A better solution to your problem would be to contact a reputable stock clearance company who would take all the hassle out of selling your bankrupt goods. Many will buy all of your stock from you, including damaged and obsolete items. If you find a good company, they will also collect and transport al of the goods for you and if you shop around for a good company, you will likely receive a fair and attractive price for your stock.
Mbrillltd.co.uk can supply a wide range of services for bankrupt stock, allowing us to purchase liquidated stock from you, that you may have otherwise not sold.