New York  |  Credit and Debt Law

Legal Question

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

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?

1 Answer

Answered on: 11/22/10, 11:03 am by Marshall Isaacs

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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Marshall R. Isaacs, Attorney At Law 20 Vesey Street, Suite 503 New York, NY 10007

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