While it’s generally true that certain debts must be sought within four years to be actionable in a lawsuit, consumers sometimes fall prey to schemes which restart the clock. Often consumers roll old debts into new loans, restarting the time period for purposes of the statute of limitations.
If you are currently being sued, or if you are being threatened with a potential lawsuit, you should seek an attorney to see if a statute of limitations defense can be applied to your set of facts. Can some debts be beaten? Sure, but you’ll need to be certain that a good legal defense can be implemented with your particular debt.
This blog site provides only general information about the law and does not, under any circumstances, constitute legal advice. You should not act or refrain from acting based on these materials without first obtaining the advice of professional legal counsel.