There are various reasons for liquidation. Here some typical examples:
Insolvency
A business opens insolvency proceedings and is liquidated as there is no continuity solution in place. We generate maximum yield from mobile assets to cover outstanding liabilities, wages and salaries, etc.
Production conversion
A company liquidates its excess machinery to avoid tying down any unnecessary assets or floorspace or to perform a production conversion.
Transparency
Public consignors and businesses prefer this publicly transparent form of auction of unused machinery, as this rules out any advantages.
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