Legal Question in Credit and Debt Law in California

Statue of Limitations

What is the statue of limitations on collecting a debt in California? I loaned a former colleague $2000 slightly over one year ago, and although he signed a promisory note commiting to pay the loan within 2 months, I have not recieved payment. I also have a cancelled check. I'm considering taking him to small claims court but am concerned that I've waited too long to take action. Any guidance would be extremely helpful. Thanks - ana


Asked on 5/15/01, 2:29 pm

1 Answer from Attorneys
Ken Koury Kenneth P. Koury, Esq.

Re: Statue of Limitations

if he signed a note it is 4 years. Go for it.

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Answered on 8/04/01, 1:39 pm


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