If a business is in liquidation (has an attorney), is it first possible for someone to purchase that business and second is the person that buys the business at all responsible for any debt accrued by the previous business owner?
by 
Anonymous
ANSWERS: 1
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Yes and maybe. If the company is being liquidated because of bankruptcy you would have to pay enough to satisfy the creditors or work out an individual arrangement with them, but it can be done. As for becoming responsible for the debt, when you buy a business you buy both the assets and the liabilities. However, this can be changed by contract. If you and the seller agree that the original owner will be responsible for the debt, the agreement is valid.
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