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All debts have a time period in which legal action may be taken against you. It can be anywhere from 3-15 years in some states. You need to find out what the statute of limitation for the type of debt you is. It is most likely time-barred by now. If so, then they can not take legal action against you, just tell them the SOL has ran out on the debt.
What else can I help you with?
How many years are you responsible for a debt?
The length of time you are responsible for a debt depends on the type of debt and the statute of limitations in your state, typically ranging from 3 to 10 years. However, it's important to note that even after the statute of limitations has passed, the debt still exists, but the creditor can no longer sue you for payment.
My Step-father died am i responsible for his debt?
No, you are not responsible for his debt. His estate has that responsibility.
Who is responsible for marital debt?
Both of the spouses are responsible for the debt. They both benefited from the debt, so they are held responsibility.
Are you responsible for your siblings debt?
You are not responsible for your sibling's debt unless you co-signed and agreed to be responsible for it. If you co-sign for a debt and the primary borrower doesn't pay then you will be held responsible for repayment.
Are you responsible for a debt from 2003?
That depends on the state or country in question. The date starts from the last payment or acknowledgement of the debt. In some places it is as long as 10 years.
Is a divorced spouse of 10 years responsible for credit card debt after the ex-husband dies?
If the debt is less that seven years old and if the spouse was a joint account holder, then the spouse would be responsible for the debt. If, however, it was a separate account or the surviving spouse was only an authorized user on the account, they are not responsible for the debt. * The 7 years relates to the length of time that the information can remain on the credit report. There is no time limit on debt collection only on the amount of time that the creditor has to pursue legal action to recover money owed (debt statute of limitations). You would be responsible for a joint account only, although it is not unusual for creditors to attempt to collect from authorized user's whether or not they are a spouse of the account holder.
Is wife responsible for any debt if the husband cosigned a loan for their son in a divorce?
It's up to the judge and the laws in your state, but probably not. Likely you will be responsible for your exclusive debt, she will be responsible for her exclusive debt, and you will split shared debt and assets.
Who is responsible for debt if a bank cancels a credit card?
The person who carried the card is still responsible for the debt.
Are you responsible for your deceased mother's debt with an applicance store?
If you were not listed as a joint account holder you are not responsible for the debt.
Who is responsible for debt when a person dies in Washington?
The estate is responsible for debt. That is one of the reasons for opening probate.
Are persons 65 years of age and older responsible for the debt on their credit cards?
Yes they're old not dead.
Is an executor responsible for the debt?
Not personally. The estate is responsible.
