Legal Question in Credit and Debt Law in California

Re: How can I collect my money $75k

The Statute of Limitations on filing an action to enforce a debt is four years on a written contract and two years on an oral contract. Presumably, you have a written contract (or at the very least, an oral one that was acknowledged in writing). I would need to see the contract, but in general, if the last payment was made more than four years ago, you may be beyond the Statute for purposes of enforcement.

You will likely need to have an attorney review the contract to determine whether or not you have a viable claim.

Re: How can I collect my money $75k

If a stern letter from an attorney does not work, you may have to file a partition action. This does not mean that you have to complete the lawsuit. Sometimes, the filing causing reconsideration of the problem owner. Please call me if you have any questions. You may have a statute of limitations problem if the payment was over 4 years old (even a day).

Re: How can I collect my money $75k

The statute of limitation on a written agreement is 4 years, on an oral agreement is 2 years. If you had a written agreement and the last payment was slightly under 4 years, you can still file suit. Otherwise, you might be out of luck.