Description: Melonhaus - Asset Stripper, Melonhaus - Asset Stripper (1997), The Asset Stripper, Ian McIvor London Based Asset Stripper Non Extrodinaire, Melonhaus - Asset Stripper (Trance 1997), Teddy the entrepreneur & Teddy the asset stripper
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Asset stripping is a method in which a company or an individual, known as a corporate raider , attains control of another company, and then auctions off the acquired company's assets . The sold assets are often used to repay the debt of the corporate raider, which may have been increased due to the acquisition. The process of asset stripping is utilised by corporate raiders in order to repay the debts they may have, whilst increasing their net worth . A company that may become susceptible to asset stripping
The term is generally used in a pejorative sense as such activity is not considered productive to the economy. Asset stripping is considered to be a problem in economies such as Russia or China that are making a transition to the market. In these situations, managers of a state-owned company have been known to sell the assets which they control, leaving behind nothing but debts to the state.
In financial accounting , an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).