Retailers liquidating

But there are different classes of creditors that determine in what order they are paid.The three major classes are: As cash is generated from the liquidation sale, creditors are paid in that order.We sell our merchandise for pennies on the wholesale dollar which means that you are paying so below wholesale, that there is so much room for you to make profits.

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Gordman met Richman's daughter while he was waiting for his car to be repaired and decided to stick around. Private equity firm Sun Capital Partners bought the business in 2008 and took it public two years later.Related topics: auction liquidation, excess inventory buyers, liquidation tv buyers.Gordmans Stores, the century-old discount department store chain, filed for bankruptcy with plans to liquidate its inventory and assets.The company, which posted losses in five of the past six quarters, listed total debt of 1 million in Chapter 11 papers filed Monday in Nebraska federal court.Gordmans said in a statement that it has an agreement with Tiger Capital Group and Great American Group "for the sale in liquidation of the inventory and other assets of Gordmans' retail stores and distribution centers," subject to court approval or a better offer.

Retailers liquidating