INKSTOP STORES START BANKRUPTCY LIQUIDATION SALE …..

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INKSTOP STORES START BANKRUPTCY LIQUIDATION SALE …..

 user 2009-12-07 at 10:50:11 am Views: 125
  • #23324

    http://www.earthtimes.org/articles/show/inkstop-stores-bankruptcy-sale-to,1072492.shtml
    INKSTOP STORES START BANKRUPTCY
    LIQUIDATION SALE

    Inkstop Stores Bankruptcy Sale to Recoup Money for Creditors
    Starts Immediately and Offers Holiday Shoppers Huge Savings

    Cleveland, OH -based Inkstop Stores, the nationwide retailer
    who abruptly locked employees out of stores in October, starts
    liquidation sale this week to recoup money for creditors. Grand Rapids,
    Michigan – based Liquid Asset Partners and Chicago – based Solid Asset
    Solutions will run a liquidation sale of 150 Stores of Merchandise from
    30 selected sale stores starting December 5th. The liquidation event
    will be the largest electronics sale this holiday to buy digital
    cameras, GPS’s, MP3 players, computer gadgets and printer ink at
    liquidation prices.

    December , 2009 — Cleveland, OH -based
    Inkstop Stores, the nationwide retailer who abruptly locked employees
    out of stores in October, starts liquidation sale this week to recoup
    money for creditors. Grand Rapids, Michigan – based Liquid Asset
    Partners and Chicago – based Solid Asset Solutions will run a
    liquidation sale of 150 Stores of Merchandise from 30 selected sale
    stores starting December 5th. The liquidation event will be the largest
    electronics sale this holiday to buy digital cameras, GPS’s, MP3
    players, computer gadgets and printer ink at liquidation prices.

    The
    bankruptcy court order directs Liquid Asset Partners LLC and Solid
    Asset Solutions LLC to sell all inventory and equipment owned by
    Inkstop.”This is the electronics deal of a lifetime!” says Bill Melvin
    Jr., CEO of Liquid Asset Partners. “For any fans of electronics the
    deals are too good to miss. You can buy anything from digital cameras,
    GPS’s, and all the ink you could ever need. We sell at such deep
    discounts that people fly in from all over the USA! Holiday shoppers
    will be able to save big on their gifts.”

    “These electronics
    represent a huge inventory to sell during the month of December. To make
    the sale successful we are prepared to deeply discount the inventory
    and sell everything in one month!” says Bill Melvin Jr., CEO of Liquid
    Asset Partners. “We will be selling at enormous discounts, right from
    the start. For anyone who has a printer, it’s an opportunity to buy
    printer or copier ink that typically isn’t discounted. Customers can buy
    not only the ink but also the printers, cameras, and any gadgets for
    the computer fanatic.”

    The Bankruptcy Court order states that
    everything must be sold. Regardless of cost or loss, millions of dollars
    worth of inventory will be sold thru 25-35 locations. “The market is
    very soft and we are prepared to deeply discount everything,” Melvin
    says. “It’s stacked high and we are selling it cheap. The public won’t
    want to miss these deals”.

    The liquidation sale starts Saturday,
    December 5th at the 25-35 selected liquidation locations in
    Philadelphia, Washington DC, Cleveland, Detroit, Atlanta, St. Louis,
    Dallas and Denver markets. It is open to the public everyday until
    everything is sold. Hours of operation are 10am till 7pm Monday thru
    Saturday and 12noon to 5pm on Sunday. Buyers may view sale locations
    online at http://www.LiquidAssetPartners.com. Since stores have been closed for
    2 months, the inventory from up to 150 locations will be consolidated
    to the selected liquidation sites to sell the inventory. The non sale
    locations will be turned back to the landlords. Creditors include
    employees, lenders, vendors, suppliers, landlords, and many others.

    Background:
    Liquid Asset Partners is a nationwide firm specializing in Retail and
    Industrial liquidations & auctions. Some of their 2009 transactions
    include the liquidation sale of Circuit City’s World Headquarters and
    eight Distribution Centers and the liquidation of the American Ironhorse
    Motorcycles factory. The company management has worked in the asset
    disposition industry since 1975 handling liquidation sales from over
    10,000 locations.Solid Asset Solutions’ strength is retail liquidation -
    analyzing, planning and executing the liquidation of assets in a retail
    setting, thereby maximizing the net recovery achieved on the assets.
    Solid management has taken part in hundreds of liquidation engagements
    over the past ten years.