A name is just a name regardless of the definition.  It is the actions of the company that make the name not the name itself. 

George, you are so right, she said so herself.  She kept the phone number and location in order to keep Buckeyes former clients.  Read between the lines and we see he didn't buy them out right because of the bad debt. but she had no problem taking on the former owners as employees.  I can't say that I would hire the people that ran the company down and then claim the have the experience ect. that I am looking for.  The whole thing smells fishy. 

As a few have said before, she took all the pluses and left behind all the contractors and other debts, excpet the phone bill.  That one must have been already paid up or paid off when she took it.    She states:  "Regardless of who I hire at Genesis, it does not make me obligated to pay debts I did not incur personally or professionally."  Don't get too ahead of yourself....after all the law can be tricky and loop holes that you might have wiggled thru may not have really been there at all.  I suppose it is up to the contractors that got shafted to check into it with appropriate legal counsel.