Civil procedure — merger doctrine

Posted October 1, 2019 3:36 PM

Where a party has a judgment debt against it and owns a promissory note from an individual which may be collected on, if a company solely owned and operated by that individual and used to carry out his personal business acquires the judgment, the merger doctrine extinguishes the debt as the obligor and obligee are both effectively the same.The 1st District Appellate Court affirmed the decision of Cook County Circuit Judges Alexander P. White and Brigid Mary McGrath.SFG Capital LLC filed suit against Patrick W. Kane in 2010 …

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