Legal Question in Bankruptcy in Ohio

Ohio is the only state that has no statute of limitations on open accounts (e.g., credit or charge accounts). There is, however, a two-year limitations period on the collection of deficiencies following the sale of foreclosed real estate. Also, there is a 15-year limitation on written contracts and promissory notes, as well as a 6-year limitation on oral agreements.

- BensonBankruptcy.com