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I owe a lot of money for various things that my business acquired over the years. What happens to that debt?

April 26, 2017acquired Business debt happens money various

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I owe a lot of money for various things that my business acquired over the years. What happens to that debt?

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Most often, the business is sold free of all debt. This means that the former owner will be responsible for account payable as well as all long term debt.