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Discover LudwigThe phrase "assume debts" is correct and usable in written English.
It can be used in contexts where one party takes on the financial obligations of another, often in legal or financial discussions.
Example: "The company decided to assume debts from the previous owner as part of the acquisition deal."
Alternatives: "take on debts" or "inherit debts".
Exact(9)
And should the city try to buy Battery Park City, for example, it would have to assume debts that run in the hundreds of millions of dollars.
Tengzhong had been prepared to pay $150 million to $200 million for Hummer, and would not assume debts as part of the planned transaction.
As part of his divorce settlement that year, Lieutenant Delisle agreed to assume debts on three credit cards and an outstanding loan.
Judges are reducing alimony payments and dueling spouses have moved from fighting over property to sparring over who will assume debts.
Colonists borrowed money to fight the Revolution, and one of the first major decisions of the new national government was to assume debts incurred by the states.
[C12.] Williams Takes Protective Steps The Williams Companies said that it planned to step up asset sales and that it might issue shares to strengthen its balance sheet and retain its investment-grade credit ratings, amid concerns it might have to assume debts of $2.2 billion from its former subsidiary, Williams Communications.
Similar(46)
It will also assume debt of $561 million.
Telstra will assume debt of $270 million New Zealand dollars ($113 million).
Veronis Suhler will also assume debt of about $100 million.
Abbey National also will assume debt amounting to approximately $1.1 billion.
Allowing governments to assume debt has some obvious advantages.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com