Liquidating credit cards
If you’re only earning 1x, there are other cards that will be better to buy. Everyone’s favorite is Walmart’s Money Center because they charge the lowest fees – just $.70 per money order.There are plenty of grocery chains and other places that sell money orders as well, but not allow allow debit cards as a form of payment.Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. Solvent companies may also file for Chapter 7, but this is uncommon.It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due. Not all bankruptcies involve liquidation; Chapter 11, for example, involves rehabilitating the bankrupt company and restructuring its debts.The debt will remain until the statute of limitation has expired, and as there is no longer a debtor to pay what is owed, the debt must be written off by the creditor. The most senior claims belong to secured creditors who have collateral on loans to the business.Assets are distributed based on the priority of various parties’ claims, with a trustee appointed by the U. These lenders will seize the collateral and sell it—often at a significant discount, due to the short time frames involved.
The two I mentioned above are best if you have some type of drugstore/grocery store category bonus.
As company operations end, the remaining assets are used to pay creditors and shareholders, based on the priority of their claims. The business is no longer in existence once the liquidation process is complete.
Unlike when individuals file for Chapter 7 Bankruptcy, the business debts still exist.
A friend of mine told me of a local grocery chain that sells them for $.75 each, but has a limit of just 0 each.
I’m sure there are plenty of others that you can find as well.
Search for liquidating credit cards:
These can also be loaded up to $500 for the same $4.95 fee.