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Good point, but I did ring or write to all I owed money to and arranged payment with them. But you have made a valid point the new owners may well be getting phone calls and letters
I bought a sandwich shop/lease on the strength of 3years accounts via the previous owners. The bank manager gave me the thumbs up and I borrowed a substantial amount of money. It was clear from the beginning the business was certainly not turning over as much as they said it was. I traded for 16...
I bought a leasehold property/sandwich shop business in January 2014. I kept the original name and traded for 16 months, unfortunately the business was losing money and I tried to sell but with no luck. I closed the door and walked away with lots of debts which I am now paying off via employment...