If you owe a company mony for restitution and that company get bought by another company, do you still owe the restitution?
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If you owe a company mony for restitution and that company get bought by another company, do you still owe the restitution?
Asked on August 4, 2014 under Criminal Law, California
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 10 years ago | Contributor
Yes, you still owe the restitution because when a company purchases another company, all of the debts and assets of the acquired company become those of the acquiring company. The restitution is a debt owed to the company that purchased the former company.
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