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December 21, 2022

Under the common-law doctrine of champerty, it was once illegal to buy debt for the sole purpose of litigating it; however, that doctrine has been rejected in the United States and elsewhere.

Under the common-law doctrine of champerty, it was once illegal to buy debt for the sole purpose of litigating it; however, that doctrine has been rejected in the United States and elsewhere. Is there anything wrong with buying debt at a discount and then bringing suit for the full amount?

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