Legal Question in Credit and Debt Law in California
Debt Collection
What are the different Statutes of limitations on debt collection in the state of California?
Asked on 6/28/09, 2:32 am
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: Debt Collection
In general, written contract, 4 years; oral contract, 2 years, dated from when the last payment became past due; the time can be reset in some cases by making a payment or a promise to pay.
Statutes of limitation are complicated; and a lawyer should be consulted in any situation involving serious money or the possibility you are being sued beyond the legal time limit.
Answered on 6/28/09, 2:37 am