Under bulk sale rules, the time period to file a claim is which?

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When a business is sold in bulk, there’s a defined window for creditors to come forward with claims against the seller. The period to file a claim is one year. This sets a clear deadline, protecting the buyer from unknown preexisting debts while giving creditors a fair chance to recover what they’re owed. If a claim isn’t filed within that year, it’s typically barred against the bulk-sale assets, shifting emphasis to settlement of known debts during the closing. Some claims may have their own separate deadlines, but the standard rule tested here is a one-year period.