Legal Question in Bankruptcy in California

debt on credit ,after how many years uncollectable by law

five years ago I lost signifent amount of money on stock market and most of it from credit card , so far I could not repay that I would like to know ,is still my debt collecteble.

Sincerely

--name removed--


Asked on 6/23/04, 5:35 pm

1 Answer from Attorneys

Robert F. Cohen Law Office of Robert F. Cohen

Re: debt on credit ,after how many years uncollectable by law

If on a written contract, California limits liability to four years. However, it depends whether your credit card agreement is in some other state that has a longer statute of limitation. It also depends on when you made your last payment.

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Answered on 6/24/04, 1:23 pm


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