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by  |  17-Jan-2020 10:59

In a statement, Gordmans president and CEO Andy Hall said, “Until further notice, all Gordmans stores are operating as usual without interruption.” Gordmans has posted losses in five of the past six quarters, and its stock price had fallen to around a dime a share.

liquidating assets for-8

Liquidation is the process of bringing a business to an end and distributing its assets to claimants.

Once the process is complete, the business is dissolved.

When a person passes away, the process of complying with the terms of the will is known as probate.

This legal process generally involves appointing an executor (typically named in the will) to manage the decedent’s estate.

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