Legal Question in Credit and Debt Law in Florida
Statue of Limitations on a Default Vehicle Loan
Divorce decree states regarding a 1987 Chevrolet Van, ''...wife shall pay all liens and encumbrances now thereon and shall hold the Husband harmless for payment therefrom'' and signed 11/13/89. Payments not made by ex with judgement from court 3/27/92 stating I am responsible. I have just received this information 12/04 and given 30 days to respond. I currently live in Vermont and have for the past 10 years. Am I responsible for the greater than $14,000 stated being owed? What should be my legal recourse? I did meet with a lawyer who told me that I am responsible and to offer a settlement. Is this appropriate advise? Does the divorce decree hold no legal ground? Thank you to the one who responds.
1 Answer from Attorneys
Re: Statue of Limitations on a Default Vehicle Loan
While you may be entitled to reimbursement under the divorce decree it does not relieve you of your contract obligation. You do not provide enough information regarding the Staute of Limitations to comment thereon.