What We Do?
We are the exclusive online store of Best Deal American Liquidations, Closeouts, Overstocks, Shelf Pulls, Wholesale Merchandise, Wholesale Closeouts from Major Retail Chain Stores and Manufacturers. We liquidate excess merchandise and surplus inventory merchandise by the truckloads and by the pallets and resell them to all types of customers.We sell our Liquidation Merchandise and Overstocks to Bin Stores, Flea Market Vendors, Retail Stores, Pallet Sales, Auctioneers, Auctions, Swap meets, Brokers, Exporters and anyone else looking to make an extra buck.
We do not cherry pick our Liquidation Merchandise. Meaning the way we get the Closeouts from the department stores is the way you get them. Most times we ship our Closeouts and Overstock Liquidations directly from the Best Deal American Liquidations.We are here to offer you high quality wholesale closeout merchandise at pennies on the wholesale dollar. We want you to make some money quickly, so you can order more Liquidations more frequently from us.
Winning Our Goal
- Decision to Liquidate: The first step in the liquidation process is the decision to liquidate. This might be a voluntary decision made by the company’s owners, or creditors, or a court order could force it.
- A liquidator is appointed to oversee the process. In voluntary liquidation, the shareholders usually appoint the liquidator, while in compulsory liquidation, the court appoints one.
- Assessment of Assets and Liabilities: The liquidator assesses the company’s assets and liabilities. This includes everything the company owns (like real estate, inventory, and cash) and owes (like loans, wages, and taxes).
- Notification of Creditors and Shareholders: The liquidator must notify all creditors and shareholders about the liquidation. This is usually done in writing, and there may be legal requirements for public notifications, such as newspaper ads or official gazette notifications.
- Sale of Assets: The liquidator sells off the company’s assets. This could be done through auctions, private sales, or sales to existing stakeholders. The goal is to get the highest possible price to pay off as much debt as possible.
- Settlement of Claims: The proceeds from the sale of assets are used to pay off the company’s debts. Usually, secured creditors (those with a legal claim to specific assets, like a mortgage lender) are paid first, followed by unsecured creditors. If there are any remaining funds, they are distributed among the shareholders.
- Dissolution of the Company: Once all the assets have been sold and the proceeds distributed, the company is formally dissolved. This involves filing documents with the relevant government agency to remove the company from the register of companies.
- Final Report: The liquidator will often prepare a final report outlining how the liquidation was carried out, how assets were sold, how the proceeds were distributed, and the final outcome of the liquidation process.