Have been paying restitution since 2000. The Company involved has since sold to a larger corporation. Does this change anything

Asked about 1 year ago - Colorado Springs, CO

Payments are made to US Govt. FLU in Tyler, TX. Does restitution end after 20 years?

Attorney answers (4)

  1. Christopher Daniel Leroi

    Contributor Level 20

    8

    Lawyers agree

    Answered . No. Restitution only ends when the Court tells you that restitution ends or by stipulation of the parties that is accepted by the Court.

    The information provided in this answer does not create an attorney-client relationship. If you are interested in... more
  2. James Donald Garrett

    Contributor Level 20

    7

    Lawyers agree

    Answered . It should have no effect. When the company was purchased, they would have also purchased the rights to enforce all of that companies accounts receivable, which includes your restitution. Just keep sending your payments until you are told otherwise.

    Responding to questions on AVVO does not establish an attorney-client relationship between the questioner and any... more
  3. Michael R Crosner

    Contributor Level 20

    5

    Lawyers agree

    Answered . It does not change anything, unless some notification etc to the contrary

    This is not intended to be legal advise or as legal representation. I am a California personal injury attorney .... more
  4. John P Corrigan

    Contributor Level 19

    4

    Lawyers agree

    Answered . Your annuity payments are an asset of a company and purchased as part of the assets sold to a successor entity...or if the company you owe was sold in terms of stock then nothing has changed at all. In your settlement agreement lookf for the clause called Assignment or possibly Successors.

    My answer is not intended to be giving legal advice and this topic can be a complex area where the advice of a... more

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