Buying Businesses In or Out of Bankruptcy

Business & Finance, Finance & Investing, Corporate Finance, Human Resources & Personnel Management, Skills, Entrepreneurship & Small Business
Cover of the book Buying Businesses In or Out of Bankruptcy by Ade Asefeso MCIPS MBA, AA Global Sourcing Ltd
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Author: Ade Asefeso MCIPS MBA ISBN: 1230000549103
Publisher: AA Global Sourcing Ltd Publication: July 13, 2015
Imprint: https://www.createspace.com/5534845 Language: English
Author: Ade Asefeso MCIPS MBA
ISBN: 1230000549103
Publisher: AA Global Sourcing Ltd
Publication: July 13, 2015
Imprint: https://www.createspace.com/5534845
Language: English

Though often overlooked, bankruptcy sales can be a real benefit to businesses looking for a great deal. Prospective purchasers must, of course, interface with the bankruptcy court, so you must understand the lay of the land when looking for a bargain. Purchasing the assets of a business in or out of bankruptcy can offer considerable value at significant discounts.

Companies should not rely on acquisitions through bankruptcy to drive strategic growth; however, opportunities for great deals are often presented in the context of bankruptcy sales. Accordingly, companies positioned properly for growth would be wise to look for opportunities in bankruptcy and move quickly if the right assets become available.

It is important to discover every fact that is relevant to the pricing of a bankrupt company’s assets. This includes a complete and accurate representation of the corporation’s finances. These documents are most reliable when obtained through the bankruptcy court where they were submitted under oath. Important financial information would include the most current year of profit and loss statements, current and historical balance statements, a complete list of creditors and a schedule of assets and liabilities.

Other critical information such as customer lists, sales histories, employees and inventory is also vital to the process of obtaining a clear and exact valuation.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Though often overlooked, bankruptcy sales can be a real benefit to businesses looking for a great deal. Prospective purchasers must, of course, interface with the bankruptcy court, so you must understand the lay of the land when looking for a bargain. Purchasing the assets of a business in or out of bankruptcy can offer considerable value at significant discounts.

Companies should not rely on acquisitions through bankruptcy to drive strategic growth; however, opportunities for great deals are often presented in the context of bankruptcy sales. Accordingly, companies positioned properly for growth would be wise to look for opportunities in bankruptcy and move quickly if the right assets become available.

It is important to discover every fact that is relevant to the pricing of a bankrupt company’s assets. This includes a complete and accurate representation of the corporation’s finances. These documents are most reliable when obtained through the bankruptcy court where they were submitted under oath. Important financial information would include the most current year of profit and loss statements, current and historical balance statements, a complete list of creditors and a schedule of assets and liabilities.

Other critical information such as customer lists, sales histories, employees and inventory is also vital to the process of obtaining a clear and exact valuation.

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