Legal Question in Credit and Debt Law in California
Statute of Limitation for Collecting a Business Debt in California
I'm working as a contractor an have a client that has an outstanding balance that has never been cleared. Knowing the company finances I expect it will be cleared, but just want to make sure I'm not losing any rights to collection. So, my question is what is the statute of limitations for collecting a debt. Both myself, the place of business and corporate headdquartes are in California. The office where accounting resides is in New Jersey.
3 Answers from Attorneys
Re: Statute of Limitation for Collecting a Business Debt in California
It's probably four years from the date of last service, but don't take that as a given -- there may be other factual and legal issues that make this shorter. You'll need to see a lawyer to be absolutely sure.
Re: Statute of Limitation for Collecting a Business Debt in California
4 years for written 2 years for verbal contract. Call me directly at 16192223504.
Re: Statute of Limitation for Collecting a Business Debt in California
If we can prove California as the proeprty place that the services were rendered and where the contract was entered into, the statuete of limitations on a written contract is 4 years. I assume since you are a licensed contractor that you have a written contract other than an oral.
Please call me if you have any questions.
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