Do you know what bankrupt stock is? No, it doesn’t involve buying market stock in bankrupt businesses, that’d be ridiculous as the business itself would cease to exist within a certain period of time after bankruptcy anyway. Bankrupt stock can be explained very simply, but you need a little bit of background information first. In business that deal with providing goods rather than services you need a strong supply chain, this supply chain gives you the stock you need on a regular basis and quite often you are committed to fulfilling a certain contract period of carrying their stock. If you business hits the rocks and much declare bankruptcy and liquidate your supply chain will be cut off and you must sell your assets. Physical assets such as store locations and real estate like head offices are sold off fairly late into the bankruptcy and liquidation, but first you must get rid of the physical stock in your stores.
To do this you must give customers the incentive to buy your bankrupt stock. Quite often this leads to the ‘closing down sale’ that draws in massive numbers of customers assuming they can get fantastic deals before the business goes under. A majority of the bankrupt stock is cleared through price and purchase incentives, but sometimes there can be some left over. This bankrupt stock is either sent back to the manufacturer, sent to another part of the business that hasn’t closed shop yet, or is simply sold onto retailers who specialise in bankrupt stock.
You’d be surprised that businesses exist that deal exclusively in bankrupt stock, but given the financial state of the world currently coupled with a double dip recession in the United Kingdom there is money to be made from the misery of others so to speak. As more and more businesses go under that cannot flog all their bankrupt stock, retailers that specialise in that merchandise buy it all in bulk at a discount before selling it on to consumers, undercutting the regular retailers that are still open and selling the same products at a higher cost. Bankrupt stock, it’s a bargain for both consumers and retailers.
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