|WikiProject Business / Accounting||(Rated Stub-class, Mid-importance)|
Please see Articles_for_deletion/Asset_recovery for discussion on the future of this article. Leave further comments on this talk page, please. I recommend placing the 'expand' tag on the article, and if nothing is done in 2 or 3 weeks, merging this information, or lack thereof, into either bankruptcy or foreclosure. Right now this article is only a bloated dicdef with no notable content, in my opinion. --CrypticBacon 10:50, 4 March 2006 (UTC)
Updated 7 March 2007 – although financial situations such as bankruptcy or foreclosure force an organization into the disposition phase of the Asset Life Cycle, these situations do not in themselves define Asset Recovery.
Asset Recovery first takes a proactive view of reuse within a company instead of spending new capital to purchase a similar asset. Identifying a usable asset internally can reduce the investment threshold for new product or quality improvement. Asset Recovery goes hand-in-hand with lean manufacturing, 6 Sigma, ISO 14001 and in the United States helps in compliance with GAAP and the Sarbanes Oxley (SOX) act, export compliance regulations and the reduction of carrying costs, property taxes and insurance premiums.
I made a series of edits to build out this page. Asset recovery is not just limited to bankruptcy - companies engage in asset recovery every day when they close a plant or have equipment that they can no longer use. The edits I made were not blatant advertising, but were an attempt (a good one) to provide some helpful information on the topic. I tried to identify the main aspects of investment recovery (identification, redeployment, divestment and to explain each aspect). These edits were a good way to build out this page. Thanks Gwheato (talk) 15:50, 15 October 2008 (UTC)
It is not a good idea to delete this page or merge it with bankruptcy. Asset recovery is a large part of doing business and the current information listed on this page is not helpful to someone that wishes to learn about it. Gwheato (talk) 15:51, 15 October 2008 (UTC)