Law
This query is : Resolved
F M Aquib Javed R A
(Querist)
25 December 2012
What is debt barred by limitation?
CA Priyank Singhi
(Expert)
01 January 2013
Time-barred debts are debts that are too old for creditors and debt collectors to sue you for. Each state has a law that dictates how long a debt collector can sue you for a debt. This period is known as the statute of limitations and is between three and six years for most dates, but can be longer. Before you respond to an old debt, check the statute of limitations in your state. You can confirm the statute with your State Attorney General. For further details use the link
https://credit.about.com/od/debtcollection/a/timebarreddebt.htm
https://credit.about.com/od/debtcollection/a/timebarreddebt.htm
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