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