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

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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