Legal successor (property)

In property law, economics and finance, the term "legal successor" may refer to a legally established successor of property rights (inheritance, interest) or in terms of liabilities (debt).

In the case of bankruptcy of a lender, the legal successor in interest has the right to collect the debt.[1]

Referncees
  1. "What Happens if Your Lender Goes Under?", by Louis DeNicola, Money Management International, 4/9/2021
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