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Caveat Emptor: Bottom Fishing With No Regrets

The pros and cons of waiting for the seller to declare bankruptcy.
Fortnightly Magazine - March 15 2003

  • greater the buyer's success with assets after the sale.
  • Remedy. Creditors or the trustee may force the buyer to return all purchased assets (subject to the buyer's lien for the amount paid, if in good faith). More common-the buyer must pay full fair market value, as determined by the court. -J.C.K.
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