Legal Question in Credit and Debt Law in Michigan

unpaid debt

I was told that debt that were not paid of for several years could not be collected in Michigan. Could explain this


Asked on 11/08/07, 4:40 pm

1 Answer from Attorneys
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: unpaid debt

Generally, failure to pay a debt is a breach of contract or the account become "stated." The statute of limitations for both of these potential claims of a creditor, in Michigan, is six years. If there has been no activity on a debt for six years, meaning no purchases or payments, and the debt has not been somehow affirmed by the debtor (debtor admits he/she owes debt), the creditor cannot collect.

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Answered on 11/09/07, 5:58 am


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