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?
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► Other answers from this attorney