Bankruptcy


Accountants and lawyers involved in the bankruptcy and reorganization process are finding that computer assets represent a far greater portion of debtor's tangible personal property today than ever before. As a result of the high dollar values involved and the specialized nature of the secondary computer marketplace, NACOMEX is often called on to perform appraisal functions in the bankruptcy arena, where the definition of value may be one of the following:



  • Fair Market Value

  • The most probable price which a property would change hands between a willing buyer and a willing seller, in a competitive and open market under all conditions requisite to a fair sale, neither being under any compulsion to buy or sell and both having reasonable knowledge of the relevant facts.

  • Wholesale Value

  • The price at which wholesaler can buy from the market (or sell property to the trade) in expectation of obtaining profit by way of a higher price in resale to the ultimate user.

  • Orderly Liquidation Value

  • The most probable price, expressed in terms of money, realizable in a market in which similar property is regularly sold to willing buyers, with time constraints, the seller being compelled to sell, given a specific period of time to sell, but in an orderly and advertised manner, "as is, where is", with the buyer being responsible for removal costs.

  • Forced Liquidation Value

  • The most probable price, expressed in terms of money, realizable in a market in which similar property is regularly sold for immediate cash to willing buyers, within a very limited time, as of a specific date, the seller being compelled to sell with the sense of immediacy, on an "as is, where is" basis with no warranty implied or expressed, and the buyer being responsible for removal costs.


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