Legal Question in Credit and Debt Law in Indiana
Time limit on debt collection
Is a time limit on collection of debts
Asked on 4/19/02, 11:41 am
1 Answer from Attorneys
John Bator
Bator Redman & Shive
Re: Time limit on debt collection
Debts are generally collectible for ten years and in some cases 20 years although there are defenses available against a creditor who sits on its remedies for too long-debts are often sold and creditors have trouble proving the debt
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Answered on 4/22/02, 11:37 am