I have a customer that I do side work for, and they recently got bought out. I talked to new company and they said they are only buying equipment not debt. No one is responding to me at original company. It’s right at 1500$ Anyone have any clue what to do?
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Originally posted by HUNTIN HARD View PostI have a customer that I do side work for, and they recently got bought out. I talked to new company and they said they are only buying equipment not debt. No one is responding to me at original company. It’s right at 1500$ Anyone have any clue what to do?
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Originally posted by 2B4Him View PostYou can't normally buy the assets of a business and leave behind all the debts. Consult an attorney.
But at the same time for $1500 it wont take long for a lawyer to eat that up in fees and may never see anything.
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Originally posted by Graysonhogs View PostIs it logistically feasible to have a ftf with some of the original people? That always seems to work better.
Originally posted by 2B4Him View PostYou can't normally buy the assets of a business and leave behind all the debts. Consult an attorney.
Originally posted by westtexducks View PostThis was my thoughts as well. I would be finding some one to talk to in person, see how that goes, and then if push comes to shove find a lawyer.
But at the same time for $1500 it wont take long for a lawyer to eat that up in fees and may never see anything.
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Originally posted by 2B4Him View PostYou can't normally buy the assets of a business and leave behind all the debts. Consult an attorney.
Originally posted by DedDuk View PostWhat kind of company?
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Originally posted by Burnadell View PostNot so. This is very common and assets can be bought rather than buying the company/stock/etc. debt is still owed by the original debtor.
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