0
Is a debit with no activity for serveral years uncollectible after the statute of limitation expires?
Wiki User
∙ 10y ago
That is what the statute of limitations indicates. If the individual has not made payment or acknowledged the debt for the legal time frame, the debt is considered expired. However, it could be extended if the debt is again acknowledged.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Is there a statute of limitations on a mortgage?
Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.Yes. There are statutes of limitation for mortgages that vary by state. In Massachusetts, for example, a mortgage expires after 35 years.
Is there a limitation or time frame on living wills?
Yes, a "living will" expires naturally at the same moment as its signator.
What is the Statute of Limitation period for a credit card debt in Ontario?
For a written agreement; which involves a credit card debt is 4 yours from the date of last activity or last payment. Once this expires, the debtor can no longer collect on this debt, or sue you for this debt.
Is there a statutes of limitation on wills?
No, wills do not expire. There are limits as to when a will can be contested. It varies by the jurisdiction, but in general there is a two year statute of limitations. Consult an attorney in your area.
What is the time limit for Connecticut to extradite?
It can depend upon the statute of enforcement limitation for the particular offense for which you may be wanted. The time limit on some offenses NEVER expires.
Can a lender repo a car after 5 years?
The statute of limitation expires five years from the last payment. They can't repo the car, but they don't have to give you a clear title either.
Will they keep your tax check ever year?
"They" will keep your tax check until you pay off your debt or until the statute of limitation for collecting the debt expires, whichever comes first.
What is the statute of limitation on the power of attorney in Massachusetts?
There is none in Massachusetts, unless specified in the granting document. The grantor can revoke the power of attorney. Also a power of attorney expires on the death of the grantor.
Do icing cake expires?
Everything expires...
Is there a statue of limitation on auto recalls?
According to NHTSA, manufacturers are only required to fix vehicles free of charge for up to ten years. After that, the "statute of limitations" expires and consumers are legally on their own, and responsible for implementing the fix themselves.
Does Coal expires?
Coal expires only when burned.
Statute of limitations on bench warrants in Ohio?
None. It is valid until you are arrested or make arrangements to appear in court.
