Legal Question in Credit and Debt Law in New York

if i had a business relationship with a company which was just purchased by a new company and i had a debt with the original company which was bought out. Can a new company demand a debt to be payed to them for repayment?

Asked on 11/17/10, 10:51 am

1 Answer from Attorneys

Marshall Isaacs Marshall R. Isaacs, Attorney At Law
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Yes, the new company can purchase the receivables from the old company and attempt to collect them. Happens all the time.

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Answered on 11/22/10, 11:03 am


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