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Selling a Business and Its Debt

by Michelle
(napa,ca)

If a business, restaurant, in California, sells and has past due debts on thier books, does the new owner assume all debt?

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Selling a Business and Its Debt

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Aug 24, 2011
 Selling a Business and Its Debt
by: Debtcollectionanswers.com

Michelle:

We deal with consumer debt at this web site, not business debt. However, I believe that how the debts of a business will be handled is typically part of the sale negotiations. I recommend that you talk with a small business attorney in your area for a definitive answer on this matter. I am not an attorney.

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