Legal Question in Credit and Debt Law in Alaska
Statute Of Limitatons
In Alaska, what's the specified amount of time in which a Creditor or Collection Agency has, in which to bring legal actions against a consumer/debtor, for a defaulted account?
Asked on 5/18/02, 9:47 am
1 Answer from Attorneys
James Szender
Law Office of James R. Szender
Re: Statute Of Limitatons
"Unless the action is commenced within three years, a person may not bring an action upon a contract or liability, express or implied, except as provided in AS 09.10.040 , or as otherwise provided by law, or, except if the provisions of this section are waived by contract." AS 09.10.053.
Answered on 5/20/02, 7:07 pm