bankruptcy sale
Creditor-driven fire sale
A bankruptcy sale is the liquidation of assets by a business or individual that has filed for bankruptcy, typically at steep discounts to pay creditors.
Retailers announce bankruptcy sales to clear inventory before closing: Everything must go—bankruptcy sale prices!
The term sometimes appears loosely for any dramatic clearance, even when no actual bankruptcy is involved.
- liquidationSelling assets for cash
- auctionCompetitive public sale
- closeoutSale to eliminate inventory
- foreclosureLender seizes mortgaged property
- clearancePermitted passage or approval
insolvency · everything must go · creditors · debt · bargain · fixtures · inventory · going out of business · store closing · rock bottom · deep discounts · price slash · desperate · stripped · shuttered · warehouse · discount · haggle
- business saleacquisition, buyout, merger, purchase agreement, going concern
- closeout salesliquidation, closeout, store closing, going out of business, everything must go
- asset disposaldisposal, liquidation, divestiture, resale, auction
- liquidationsliquidation, closeout, going out of business, insolvency, receivership
- forced salesseizure, property seizure, writ of execution, pre-foreclosure, condemnation
- auctionsauction, bidding, bid, auctioneer, auction house
bankrupt, bankruptcy, bank, banks, banking, banked, banker, bankers, sale