Selling Debt to a Third Party
My question involves business law in the state of: England
If two parties have a valid contract, for the purchase. The seller delivers the goods; however, the buyer fails to pay for the goods as per the contract. Is it possible for the seller to sell the debt to a third party for recovery? If so what law would apply?
I am interested in business to business and not as a consumer protection law.
Thanks
Re: Selling Debt to a Third Party
When the original creditor decides to sell these charged off accounts to third party debt collectors. They “package” the accounts into portfolios.
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