Legal Question in Credit and Debt Law in Florida

Re: repossesion

To collect from you they have to file a cause of action AND win against you. I understand this is a difficult time for you, but you are not alone. As hard as this time is, you have to move forward...

Remember, if you get served DO NOT ignore it, because they will win be default and matters will only get worse.

If you were a co-signer you are liable, but they still have to comply with the law -- for example file a law suit within the statute of limitation period.

I am seeing more and more law suits filed AFTER that time has run. Clients always refer to Fla. Stats. Sec. 95.11 and ask if that limit is 4 or 5 years? Well, as in everything with law, it depends. If it is based on a written instrument, it is 5 years. An implied agreement is 4 years. The contract can state that the governing law is from another state and it may then be more!!! The answer is on a case by case basis and must be legally reviewed.

If you are getting harassing phone calls from a debt collector, please call me immediately.

If you would like to just discuss your case, please call my office. All consultations by phone are free of charge.

My phone is 305.860.1221.

Samira Ghazal, ESQ.

GHAZAL & GOMEZ, P.A.

For the Firm

www.FLORIDACREDITLAWYER.com