QUESTION
I have heard that acknowledging you owe a debt can reset the statute of limitations, so one should be careful what one says to debt collectors.
Asked on Jun 12th, 2013 on Debtor and Creditor - Virginia
More details to this question:
I have heard that acknowledging that you owe a debt by making a payment or discussing it with a debt collector can reset the clock on the statute of limitations. Is there a similar danger of resetting the statute of limitations by acknowledging the debt to a lawyer during a consultation? In other words, when I go to meet a lawyer to talk about my situation, should I leave my credit report at home? For all I know, he may report what I said to the debt collectors.
1 ANSWER
Insurance Defense Attorney serving Fairfax, VA
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Mahdavi, Bacon, Halfhill & Young, PLLC
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Under Rule of Professional Conduct 1.18, even as a prospective client, a lawyer generally cannot use or reveal information learned in his consultation with you.
Answered on Jul 10th, 2013 at 1:53 PM