Can ach still take money from me if the business it was set up thru went out of business?
If the contract/account has been assigned, the new assignee can continue to collect on any contractual right assigned to it.
Kansas City, MO
Business Lawyer at Kansas City, MO
Practice Areas: Business, Construction & Development ... +3 more
If the contract/account has been assigned, the new assignee can continue to collect on any contractual right assigned to it.
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Mr. Pennell is correct. Although in theory other bad things could happen, it is almost unheard of. Termination however is likely.