On Wed, 7 Jun 2006 13:30:28 -0400, you wrote:

>At 11:49 AM 6/7/2006, Hugh Gundersen typed:
>>I know that US law is slightly different but over here as over there one
>>can buy the assets of a company and NOT it's debts.
>
>No I don't know how it works over there but over here the company 
>usually has to go to bankruptcy court before a purchase without the 
>debts can be accomplished but yes it can be done & it helps keep 
>those unemployed lawyers off the street. ;-)  FWIW I wouldn't think 
>that a company that is selling a service to a client that is paying 
>regularly would be called a debt as I rather thought that as an asset 
>whether the company collapses for other reasons or not.  Gee, maybe 
>the business major diploma isn't worth the paper it's written on. 
>Next time I'll have to buy one from a better outfit. Maybe the same 
>places that sell A+ certifications would work. What do you think ?

I'll email you one - what color would you like and does it matter if
your name is not Wayne?


>
>----------+----------
>    Wayne D. Johnson
>Ashland, OH, USA 44805
><http://www.wavijo.com> 

Sir Hugh of Bognor
-- 

Remember. You may honestly believe that you understood everything
            you thought I said but what you thought you heard wasn't
           exactly what I said.

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Bognor Regis, W.Sussex, England, UK

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