Legal Question in Credit and Debt Law in Texas

What is the statute of limitations on a personal promissory note?

What is the statute of limitations on a personal promissory note? The original amount was $1000. and was borrowed from a friend over 4 years ago.


Asked on 5/07/02, 5:40 pm

1 Answer from Attorneys
Peter Bradie Bradie, Bradie & Bradie

Re: What is the statute of limitations on a personal promissory note?

The statute of limitations is four (4) years from the date the note went into irrevocable default.

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Answered on 5/07/02, 6:07 pm


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