Quote:
Originally Posted by Spear One
I heard the boat had been sold and that the new owners did not intend to use it for charters.......not verified just what I heard.
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Most likely true. If the new owner were to use it as a charter, it would be construed as a fraudulent transfer and unpaid debts could chase him/the boat. That is why a lawyer would structure a sale of the business to require disclosure of debts. But to buy it as "just a boat" is nothing nefarious.