Legal Question in Credit and Debt Law in Michigan

debt payment

What is the statute of limitations on collecting a debt,(unsecured), from a ''friend'', in Michigan?

Thank You in advance for your help, and time.


Asked on 1/05/07, 11:16 am

2 Answers from Attorneys
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: debt payment

A promise to pay is a contract and the statute of limitations in Michigan on contracts is six years.

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Answered on 1/05/07, 11:21 am
Matthew Frank Frank & Frank, P.C.

Re: debt payment

The statue for general unsecured debt is six years.

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Answered on 1/05/07, 11:21 am


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