Legal Question in Credit and Debt Law in Illinois
Collection of ten year old bill
We had an account with Service Merchandise with balance of 230 dollars. Now 10 years later, a collection agency is badgering us for 670 dollars. We tried to contact Service Merchandise but they filed bankruptcy. Do we have to pay this bill? What recourse do we have?
Asked on 3/18/08, 4:32 pm
2 Answers from Attorneys
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: Collection of ten year old bill
Don't pay, don't respond. The statute of limitations is 10 years.
let me know if this helps
www.michelottilaw.com
Answered on 3/18/08, 5:58 pm
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: Collection of ten year old bill
If they sue you, do not ignore it, you need to assert the defense of statute of limitations if they sue you.
Answered on 3/21/08, 2:40 am
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