Legal Question in Credit and Debt Law in Illinois
statute of limations
I was just told i owed money on a old closed checking account from1988 at a credit union I six months ago open a account with them not knowing this I also Filed bankruptcy in1995 do I have to pay them?
Asked on 9/04/07, 8:11 pm
2 Answers from Attorneys
Lesley Hoenig
Lesley A. Hoenig, Attorney at Law
Re: statute of limations
Even if the debt was not listed on the bankruptcy it is arguably discharged, especially if your bankruptcy was a no asset chapter 7 case in which they would not have received payment anyway.
Answered on 9/05/07, 2:25 pm
Joseph Michelotti
Michelotti & Associates, Ltd.
Re: statute of limations
Depends. Did you list the debt on the bankruptcy? If so you probably don't owe it. The statute of Limitations is ten years from the last date you made a payment.
email me if you have any questions.
Answered on 9/04/07, 11:40 pm
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