Legal Question in Business Law in Missouri
Business Ownership
If you owned a business then sold that business what happens to the debt that was owed .
Asked on 6/10/09, 12:04 pm
1 Answer from Attorneys
Jeffrey Brashear
The Brashear Law Firm, PLLC
Re: Business Ownership
Based upon what you have written, the debts of the business which were still outstanding should have been addressed in the sale of the business. Furthermore, you need to review the debt's agreements and see if there were any personal guarantees. If my law firm can assist you with this legal issue or any other legal matter, please contact us at [email protected] to arrange for a consultation.
Answered on 6/10/09, 12:11 pm
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