Buyers Beware of 'Free and Clear' Sale

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October 23, 2013
William Hackney
Chicago Daily Law Bulletin

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William Hackney, member of the firm's Financial Services Group, discusses purchasing company assets in his recent article for the Chicago Daily Law Bulletin. The article reviews how some buyers who purchase another company's assets, assume that they will not inheriting the company's corresponding liabilities. This is far from the case. The article goes on to cite a court case back in March that shows exactly the type of liabilities could be imposed upon a buyer.

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