Saturday, 3 January 2015

sale of business with liensif the buyer is unaware of liens and outstanding invoices on the business just purchased, do they have '30 days'...

Question

sale of business with liens

if the buyer is unaware of liens and outstanding invoices on the business just purchased, do they have '30 days' to opt out or must they assume all debts, including liens?



Answer

Re: sale of business with liens

You are considered to be aware of everything filed in the public records but if the seller hid other debts from you, you should get a business attorney right away, if it isn't already too late.



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