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Financing an account receivable takes place quickly, within a few days after confirming the creditworthiness of the account.

liquidating assets in-22

If you get your hands on a rate sheet, or talk to a bank or mortgage broker, they’ll usually tell you how many months of reserves you’ll need to verify assets and qualify for a mortgage.

So unless you’re relying on a documentation type that doesn’t require the verification of assets, it’s very important to make sure you’ve got plenty of assets in your personal accounts.

Not only that, but those assets will be need to be seasoned for at least two months in most cases.

Also, remember that if you are liquidating assets to satisfy creditors you may need to obtain their consent to do so.

Inventory the assets your business owns and wishes to liquidate.