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?

Comments for Selling a Business and Its Debt

Click here to add your own comments

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.

Click here to add your own comments

Return to Debt Collection Questions.

Learn how debt collection laws can help you!
This website does not provide legal advice.
All information is for educational purposes only.
Copyright 2007 - 2018 by Mary Reed and Gerri Detweiler.
All rights reserved.
Read our Privacy Policy here