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The answer to this depends on how the sale was structured. Namely whether you sold the business receivables as part of the deal. Most small business deals aren't structured that way, so I assume you did not sell the receivables and assumed whatever debt you had in the company as well and sold it "free and clear". It is not a criminal matter in any event because it has to do with contract interpretation - it's a civil matter. I would have to believe you don't have civil liability either. I believe this answers your question. However, if you need clarification or have follow-up questions regarding this matter, I will be happy to continue our conversation – simply reply to this answer. If you are otherwise satisfied with my response, please leave a positive rating as it is the only way I am able to get credit for my answers. Thank you, ***** ***** wish you all the best with this matter.