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Can you buy a business and take on someones loans and debts etc
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TheWaltons_3
Posts: 1,203 Forumite
Is this possible?
Could I get their business loans switched into my name?
Could I get their business loans switched into my name?
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I presume that you are talking about the debtors of the business you are buying? If so, I would have thought that the debt is with the company and would remain with the company after you bought it.
In the same way the liabilities may well remain with the business - worth checking out.
Are you buying the business as a whole, or just the assets of an existing business?Today is the first day of the rest of your life0
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