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.

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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!

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Answered on 9/10/09, 2:31 pm


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