Legal Question in Credit and Debt Law in Massachusetts
what happens when a company is sold and the old company still owes you money
Asked on 9/05/09, 1:09 pm
2 Answers from Attorneys
Christopher Vaughn-Martel
Charles River Law Partners, LLC
The answer to your question may depend upon the type of corporate structure you were dealing with. For example, you may have dealt with a company that was a sole proprietor, or you may have dealt with a partnership or a corporation.
Please give my office a call if you would like to discuss your current collection matter.
Answered on 9/10/09, 1:18 pm
Joseph Murray
Joseph M. Murray, Esq.
It depends on whether the company was a sole proprietorship, corporation, or LLC and, if one of the latter two, whether prior liabilities were assumed by the purchaser. Retain an attorney to explore your options. Good Luck!
Answered on 9/10/09, 2:31 pm