QUESTION
If I owe a debt over 10 years ago, can they still come after me?
Asked on Sep 18th, 2013 on Bankruptcy - New Jersey
More details to this question:
I forgot about a debt from 10 years ago. Now they are coming after me. Can they get a judgement after 10 years?
4 ANSWERS
General Law Attorney serving Cherry Hill, NJ
at
Mark S. Cherry, Attorney at Law, PC
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It would appear that they out of the statute of limitations. If they sue you, make sure that you defend the case.
Answered on Sep 19th, 2013 at 10:48 AM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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There is a potential statute of limitations issue, see an attorney with details.
Answered on Sep 19th, 2013 at 9:05 AM
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
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The principal statutes of limitation in Illinois are 4 years for the sale or lease of goods (such as a car), 10 years for a contract wholly in writing, 5 years for a contract not wholly in writing (such as a credit card). Mortgages are enforceable for a longer period. The statutes are measured from the last payment. Attempts to collect time-barred debts often violate the Fair Debt Collection Practices Act. There may be a violation if they sue, refer to a lawsuit, seek partial payment, or offer a "settlement."
Answered on Sep 19th, 2013 at 9:03 AM
Bankruptcy Law Attorney serving Livingston, NJ
Partner at
Law Office of Stuart M. Nachbar, P.C.
2 Awards
Depends on the Statute of Limitations in your state for collection of a debt.
Answered on Sep 19th, 2013 at 9:02 AM