The purchase of a “distressed” business must be undertaken with a great deal of diligence and caution so as to avoid (or at least limit) the purchaser’s exposure to the liabilities of the distressed business. The attorneys in our Firm’s Business & Finance Department have considerable experience in assisting purchasers in navigating the myriad issues that arise in a transaction of such type. In addition to conventional purchases of a distressed business, we have also represented clients in connection with their purchase of the assets of a distressed business pursuant to a Uniform Commercial Code foreclosure sale or under a Section 363 bankruptcy sale. If you are considering the purchase of a distressed business, please contact Paul T. Rushton, the Chair of our Business & Finance Department, to learn more about these issues. Paul’s e-mail address is prushton@rjglaw.com.
When Purchasing a “Distressed” Business, use Caution to Limit or Avoid Exposure to Liabilities
