Legal Question in Bankruptcy in New York
credit card bills
I was told there is a limitation on the amount of time a credit card company has to collect their depth. I ran in to some money problems back in 1996 and was unable to pay on my 8 credit cards. what is the limitation in Newyork city? Do i still owe these people money?
Asked on 9/01/02, 2:09 pm
1 Answer from Attorneys
Lance Spodek
Lance Roger Spodek, P.C.
Re: credit card bills
Maybe. Once you default (don't pay) the credit card company has six years to start a lawsuit against you. Once they obtain a court judgment they then have 20 years to collect upon it.
Answered on 9/03/02, 9:00 am
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