get it all. Assets and liabilities unless your contract states that any of the assets or liabilities are staying with the old owners or sometimes people try to get creative, like corporate raiders, and they will create a side corporation prior to the sale and move the debts over to that company. After which everybody involved splits up the carcass and bankrupt the entity that has the liabilities. This has also been done, quite successfully (unfortunately), over the years with companies that have pension obligations. The trucking industry engaged in this big time over the course of several decades. They kept buying and selling between themselves and shell corporations divvying up bits and pieces and bundling their Teamster pension obligations to this one and that. So you buy the trucks, real estate and customer contracts but you leave the pension obligations with the carcass that's left. They load up with debt, grab every dime they can and then bankrupt the company and throw the pension obligations back on the Pension Benefit Guaranty program run by the Feds. But they only cover so much also. There are other ills that happened to the Teamsters Pension Fund but the trucking companies did their best to make big promises about the future for workers in order to get the labor. They got the labor up front and then screwed the workers when it came time to make good on the promises. It happens in state and local governments all the time. Make big promises in order to get the labor and then cry poor and demand concessions. The old saying "a bird in the hand is worth two in the bush" is there for a reason.
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