Can you activate an alltel phone...?

My friend gave me her old Alltel LG prepaid phone but its been too long since its had money on it so now it's deactivated. Can I still activate it even though Verizon has bought Alltel out? Alltel doesn't service in my area anymore but it shouldn't be a problem, it's a cheap little phone that Verizon should work on. I already bought minutes for it before realizing it was deactivated. I hope I didn't waste 20 bucks but I'm thinking I did... Is there any way to activate and use this phone?
 
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