Legal Question in Business Law in Florida
Selling a business avoiding paying debts
If I sold a business can I avoid paying my debts in that business?
Asked on 2/18/04, 9:33 am
2 Answers from Attorneys
Beth Clause
Beth L. Clause, PLLC -
Re: Selling a business avoiding paying debts
You can avoid paying the debts of the business if you pass those debts on to the purchaser of the business through the sales contract.
Answered on 2/25/04, 8:51 am
David Slater
David P. Slater, Esq.
Re: Selling a business avoiding paying debts
Only if the buyer assumes the debts.
Answered on 2/18/04, 1:02 pm
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