Legal Question in Credit and Debt Law in Arkansas

time limit on collecting a debt

i just received a statement regarding a bill for 755.00 on medical equipment i rented in 1999. i thought that this balance was taken care of and have not received any correspondence from the company since i turned the equipment in around june of 1999. now i get a statement saying that tricare, (insurance used at that time) was sued and settled. they say i owe the money that they settled for. is ther a time limit on their collecting this debt or turning it over to a collection agency.


Asked on 2/25/04, 9:00 pm

1 Answer from Attorneys
Harvey Harris Harris Law Firm

Re: time limit on collecting a debt

I'm not sure I have enough information. You say insurance was sued and settled. If they settled, then there would not be a debt for you to pay. Maybe I am misunderstanding what you are saying. Is this debt in writing?

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Answered on 2/26/04, 11:57 am


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