Can a Civil Judgement Collection be sold to another party by a company that is out of business?

Was it your former partners or the business which obtained the judgment? If your partners individually, it has nothing to do with the sale of the business. If it was the business, did your former partners sell the business itself (i.e. if the business was xyz, inc., did they sell all the stock of xyz, inc.?) or the assets of the business (i.e. instead of selling the stock of xyz, inc., xyz sold its equipment, customer lists, lease, accounts receivable, etc.?)  If the stock was sold, the business entity still owns the judgment (unless it has since sold it) even though the business entity itself (xyz, inc.) is owned by other people. If it was an asset sale, was the judgment one of the assets sold?  If so, the new owners own the judgment (unless they have since sold it.)  If not, the old business entity (xyz, inc.) still owns the judgment (unless it has since sold it) and your former partners still own xyz, inc. Bottom line is that judgments are assignable and, while you should check to make sure that the person or entity now claiming to own the judgment really does own it, it is entirely possible that the judgment was validly sold.