Can someone take me to court in the situation explained below:

The answer depends upon what you mean by "took over a business". Did you purchase the business? Did you pay cash and/or otherwise agree to assume the debts of the business? Was this an asset sale or a stock sale? Was there a purchase agreement setting forth your rights and obligations? Was there a bill of sale setting forth what you purchased from the business?

Your sale documents should have provided for when the sale closed, and when you took ownership of the business assets (including debit card and bank balance), and when you'd indemnify the seller for liabilties incurred after this transfer date. They also should have inclucded warranties and representations about exactly what assets were being transferred in the sale, and what liabilities existed. You need to review your sale documents yourself, or hire a lawyer for help. Disclaimer: Please note that this answer does not constitute legal advice, and should not be relied on, since each state has different laws, each situation is fact specific, and it is impossible to evaluate a legal problem without a comprehensive consultation and review of all the facts and documents at issue. This answer does not create an attorney-client relationship.