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AnonymousInactivehttp://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. -
AuthorDecember 7, 2009 at 10:50 AM
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