What happens to stock when shops close down?

[fairy!]

A lot of Pilot stores have closed down... from the sign in the window of my local one it looks like they got re-possesed & shut down pretty quick, so no time for a closing down sale. 

So... what happens to all the stock??

[Buenchico]

If a company has gone into liquidation, then the stock will become the property of the liquidators. They usually want to convert such assets to cash as quickly as possible, so the stock will be sold through firms of auctioneers - usually ones who specialise in trade stock. Most of these auctions are normally open to the public but you won't be able to buy single items. (Depending on what is being sold, you might have to buy 100 dresses or 1000 CD's). The people who buy the stock are usually market traders, 'bankrupt stock' discount stores or companies who supply these stores and traders.

Chris

[nicola_red]

Pilot still have a few outlet stores open so I suspect in their case the stock has gone there.

[fairy!]

Oic!  Yep, makes sense... good ole market stalls!!

Aren't the Pilot outlet stores owned by the same people as the regular stores??  So shouldn't they have been taken over by the liquidator people too??