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An asset sale is the purchase of individual assets and liabilities, whereas a stock sale is the purchase of the owner's shares of a corporation. While there are many considerations when negotiating the type of transaction, tax implications and potential liabilities are the primary concerns.
Sale of Property. When the lien is in place and the business assets are attached, you have the legal right to seize the assets and sell or otherwise apply the proceeds to satisfy the judgment. In some cases, this process is done through a sheriff's sale or auction to the highest bidder.