Legal Question in Credit and Debt Law in Illinois

credit card debt summons

I have been summoned to court over an old credit card debt. Are there any statute of limitations laws in Illinois regarding this? The debt was acquired between 1998-2001. The last payment I made was in either 2001 or 2002. I make less than $20,000 per year and there is no way I can afford to pay this debt. Will my income and current bills be taken into consideration? Any suggestions?


Asked on 12/12/07, 10:25 pm

1 Answer from Attorneys
Joseph Michelotti Michelotti & Associates, Ltd.

Re: credit card debt summons

Statute is 10 years from the date of last payment.

My suggestion would be to file a chapter 7 Bankruptcy.

check out my website - www.michelottilaw.com

email me if you have any questions - [email protected]

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Answered on 12/13/07, 3:27 pm


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