QUESTION
We have a debt of collection of 10,000 that has not been active since 2011
Asked on May 09th, 2017 on Debtor and Creditor - Tennessee
More details to this question:
We consigned a loan for a car and that car was repossessed in early 2011. Under article written and oral: 6 yrs. §28-3-109. Can they still attempt to collect the debt
1 ANSWER
The answer is "it depends". See § 47-3-118. Statute of limitations on negotiable.
Answered on May 09th, 2017 at 8:56 PM