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Do not forget to include records on warranties as well as repair and maintenance history.are two of the most commonly used ways to recover assets.Turning assets into cash is typically done in order to pay off a variety of debts, depending on investments made into the business by creditors, or loans taken out in growing the business, for example.

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Also don’t rule out clothes, baby items, CD’s, video games and small electronics.Moreover if you intend to liquidate assets to satisfy creditors, you may need to obtain their consent to do so.There is a process to convert assets into cash in order to get optimal results.As a business strategy, it is important that you know when and how to convert assets into cash.While liquidating assets is an essential part of bankruptcy procedures, companies also use liquidation as a means to free up cash, even in the absence of financial hardship.

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