Legal Question in Business Law in Washington

A business I represent wants to take over another failing business, a martial arts studio, who's owner is claiming bankruptcy. In addition to the lease and name he wants to take the equipment as well. What's the minimum we can buy the equipment for while being both legal and not getting in trouble form the bankruptcy people.

Thanks.

Asked on 6/04/10, 1:03 pm

1 Answer from Attorneys

Kevin B. Murphy Franchise Foundations, APC

Any attorney will say you need to consult with a bankruptcy attorney. Once the bankruptcy is filed, there are complex rules and procedures that must be followed. Consult with an attorney in your area for specifics.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 6/04/10, 4:56 pm


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