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Daily Archives: Wednesday, June 10, 2020

Posted: June 10, 2020

Buying Distressed Debt to Collect on it Not Champerty

On April 23, 2020, Justice Scarpulla of the New York County Commercial Division issued a decision in Espadarte Partners, LLC v. Riverside Gulf Coast Banking Co., 2020 NY Slip Op. 31436(U), holding that buying distressed debt to collect on it is not champerty, explaining: The champerty doctrine is codified in Judiciary Law ยง 489(1), which... Read more »