What to do if I sold a business 6 years ago but recently received an overdue electricity bill?
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What to do if I sold a business 6 years ago but recently received an overdue electricity bill?
It turns out that the new owner filed for bankruptcy and didn’t pay for 3 months of electricity and the electric account was still under my name. The electric company is demanding that I pay for the overdue amount but I haven’t been the owner of that business for a long time. What should I do?
Asked on February 8, 2013 under Business Law, Washington
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 11 years ago | Contributor
As a practical matter, you probably need to pay. If you never removed the account from your name, you would have remained liable for the amounts under it to the electric company. In theory, you could in turn seek recourse from the person to whom you'd sold the business, but if he filed for bankruptcy, you are very unlikely to recover that amount.
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