Consumer Law, Warranties When A College Goes Out of Business Do You Still Have to Honor a Lawsuit?

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Sanfrancisco

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I attended New College of California, a small liberal arts college. In 2001, New College of California filed a civil lawsuit against me for tuition reimbursement. I had signed a promissory note. I failed to show up in court and they won. They were awarded approximately $10,000.00 - in 2001, and a lien was placed against my property. New College of California went out of business in 2004. They completely closed shop and closed out their books. Recently, I received a Substitution of Attorney notice. My question is - if a company becomes defunct, but was awarded a judgment - can they still collect on the judgement - years after they closed down?

Thanks.

Pamela
 
Someone took over their assets. You owe that someone the judgment.
 
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