Yes, but it depends upon whether they are currently in bankruptcy or when the bankruptcy occurred and whether the business was impacted by the bankruptcy. If you are contemplating purchasing a business, you should consult with an experienced Mergers and Acquisitions Attorney.
The foregoing discussion does not establish an attorney-client relationship, is qualified by the limited facts presented above, and should not be relied upon as legal advice. To obtain definitive legal advice upon which one can rely necessitates retaining an attorney who is qualified in this particular area of the law.
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