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  1. #3
    Join Date
    Mar 2013
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    18,340

    Default Re: Selling Debt

    Quote Quoting seamonkey
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    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?
    Of course it's possible.

    And you don't need to know what law applies because there are debt collection companies all over the UK that buy debts.

    What you need to be concerned about is that you aren't likely to get more than pennies on the dollar (pence on the pound?) for a debt like the one you describe.

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