"Not long ago, you could take over a team simply by taking over its debts," Mr. Schmittou said.

Judge I.M. Onins took over the school and its debts in 1887.

In return, King Frederick V promised to take over all his debts.

In 1898, the Association's stockholders asked the village of Hume to take over the cemetery and its debts, but the village refused.

Finley also took over the team's debts.

Another top Refco official has been suspended, and the companies whose debts he took over certainly knew something was going on.

Did the customers whose debts Mr. Bennett took over compensate him?

After the Constitution was adopted and the Government took over the states' debts, the main source of Federal revenue was an excise tax on whiskey.

But it is unlikely that C. Itoh will take over other creditors' debts, the traditional role in Japan of a main bank.

We shouldn't just think we're not going to be here in two years time, it's somebody else's problem, they'll take over our debts.